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Bajaj Hind EGM on Dec 16 for raising Rs 2,000 cr

The country"s largest sugar manufacturing firm, Bajaj Hindusthan, today said its shareholders will meet on December 16 to consider and approve raising of Rs 2,000 crore from domestic and international markets. - Bajaj Hindusthan to raise Rs 2,000 cr - Balrampur, Bajaj Hind deal off - Bajaj Hind eyes 37% in Balrampur Chini - Govt moves to end cane price politics - Bidding for UP sugar mills put off until Nov - "India"s net sugar imports will continue for 2 yrs" The shareholders are expected to take up the fund raising proposal at its extraordinary general meeting (EGM) scheduled to be held on December 16, Bajaj Hindusthan said in a filing with the Bombay Stock Exchange (BSE). The board of directors at its meeting held on November 13 had approved convening of the extraordinary general meeting for the purpose, it said. The funds are expected to be used to finance its proposed foray into the power business. Bajaj Hindusthan, a part of the Bajaj Group, is a sugar and ethanol manufacturing firm. The company, which has a sugar production capacity of 135,000 tonnes a day, intends to set up 1,000 MW power capacity in phases through a subsidiary. The firm has 10 sugar plants, which are all located in Uttar Pradesh. Shares of Bajaj Hindusthan closed at Rs 223.80, up 1.52 per cent from previous close on the BSE.

MyCashToday commented:

Hope that they will be able to raise this much money from the people

31.08.2011

Payday Loans commented:

I aspect this meeting will result in good one to raise more and more money for them .Thanks for such post.

18.10.2011

personal credit commented:

This meeting may lead success in near future. They can gain more and more and will continue with success.Thanks for such post.

21.10.2011

Family Offices commented:

Good post as provide great information.I liked it and must appreciate for the post.

02.11.2011

Property Investment Australia commented:

This topic is worth reading, I hope the blog owner keep updating. I have been here reading for about an hour. This really is just remarkable; I appreciate your topic and bookmarked it.

08.12.2011

Family Offices Asia commented:

Every company looks for the money to grow their business and this decision of the bajaj hindustan to raise such big money from the national and international market will help in long term

14.12.2011


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