The government reduced the export subsidy from Rs 5.85 / kg to Rs 4.0 / kg on any sugar contracted for export on or after May 20, 2021
Export subsidy announcement a positive but high valuation could restrict gains
The company holds 1,54,39,900 shares of Rs 10 each, constituting 17.51 per cent of the paid-up capital of LPGCL
The promoters of Bajaj Hindusthan Sugar will cut their stakes to 15.43 per cent from 26.02 per cent by selling a part of their shareholdings to the lenders
Company says proposal for sale of its co-generation power business has been shelved