Lenders’ Forum to take Bajaj Hindusthan Sugar to S4A

India Infoline News Service | Mumbai | June 24, 2017 10:52 IST

Joint Lenders Forum(JLF) had decided to consider restructuring Bajaj Hindusthan Sugar’s loans under the Scheme for Sustainable Structuring of Stressed Assets Scheme.

Loan
Joint Lenders Forum(JLF) had decided to consider restructuring Bajaj Hindusthan Sugar’s loans under the Scheme for Sustainable Structuring of Stressed Assets Scheme introduced by RBI, popularly known as S4A, on Friday.

The company owes nearly Rs 7,000 crore to banks, reported by a national business daily.

“Bankers will evaluate and formulate the Resolution Plan as envisaged in the Scheme for implementation,” the company said in its filing to BSE.
 
The company also informed that the proposal for its sale of co-generation power business is for the purpose of repayment of its debts.
 
Bajaj Hindusthan Sugar Limited is a holding company, engaged in the manufacture of sugar, alcohol and generation of power. The Company's segments include sugar, distillery, power and others. 

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.