Bajaj Hindustan Sugar zooms 20% on payment of entire overdues

There are no overdues in our account and the account is fully regular with all the lenders as on date, the Bajaj Group company said.

Shares of Bajaj Hindustan Sugar were locked in the 20 per cent upper circuit at Rs 13.52 on the BSE at 02:35 PM, backed by heavy volumes after the company announced regularization of accounts with all the lenders on payment of entire overdues.

“We have paid entire overdues towards term loan installments (till September 2022), term loan interests (till November 2022) and Optionally Convertible Debentures (OCD) coupon (payable for FY 2022) to all the lenders,” Bajaj Hindustan Sugar said in a regulatory filing.

Accordingly there are no overdues in our account and the account is fully regular with