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Bajaj Hind Sugars buys two sugar plants in UP

Bajaj Hind Sugars buys two sugar plants in UP
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First Published: Mon, Sep 22 2008. 10 27 AM IST
Updated: Mon, Sep 22 2008. 10 27 AM IST
Mumbai: Bajaj Hindusthan Sugars Ltd said on 22 September its board approved acquiring Phenil Sugars, which, through its units, owns two sugar plants in Uttar Pradesh with total capacity of 6,000 tonnes crushed per day.
Bajaj Hindusthan Sugars said in a release it will offer one share for every two shares held in Phenil Sugars, but did not indicate the financial details of the transaction.
Ahead of the announcement, Bajaj Hindusthan Sugars shares closed at Rs25 on Friday in a strong Mumbai market.
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First Published: Mon, Sep 22 2008. 10 27 AM IST