Bajaj Hindusthan to raise Rs 2,000 cr

Bajaj Group promoted sugar major, Bajaj Hindusthan, has informed the Bombay Stock Exchange that it would raise long-term funds up to Rs 2,000 crore from the domestic or international market in one or more tranches.

In a filing to the Bombay Stock Exchange, it said it would raise the funds by further issue of equity shares or securities convertible into or exchangeable with equity shares. The company took this decision during its extra ordinary general meeting held today.

The company's scrip was trading at Rs 207.75, down 1 per cent on the BSE.