CorporateBajaj Hindusthan cuts debt by Rs 710 cr
Sugar major Bajaj Hindusthan today said it has fully utilised Rs 710 crore raised by private placement of shares for repayment of its debt in accordance with the terms of the issue.
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The company had issued over 3.54 crore shares to the potential institutional buyers at Rs 204 a piece, totaling to Rs 710 crore, Bajaj Hindusthan said in a filing to the Bombay Stock Exchange (BSE).
It has utilised in full for repayment of debt with the terms of the issue, resulting into reduction in the indebtedness of the company by the same amount, the BSE filing added.