Bajaj Hindusthan Sugar has allotted 3,69,88,476 equity shares on a preferential basis to a lender, UCO Bank, at Rs. 5.12 per share.

This allotment, totaling Rs. 18.94 Crores, converts a loan as part of a Resolution Plan.

Following this, the company's paid-up equity share capital has increased from Rs. 233.70 Crores to Rs. 237.39 Crores.

This conversion strengthens the company's balance sheet by reducing debt and increasing equity.

Allotment for one remaining lender is currently awaiting process completion.