Bajaj Hindusthan Sugar has allotted 1.67 crore new equity shares at Rs. 5.12 each to a lender, Bank of India.

This preferential allotment, totaling Rs. 8.56 crore, converts existing loans into equity as per a resolution plan.

This move increases the company's paid-up equity capital from Rs. 237.39 crore to Rs. 239.07 crore.

This allotment marks the completion of all such conversions for lenders, streamlining the company's debt structure.