The Hindu Business Line : Bajaj Hind to set up distillery

MUMBAI: Bajaj Hindustan Ltd on Monday informed the Bombay Stock Exchange that its board has approved the setting up of a new distillery of 160 kl per day capacity at a cost of Rs 60 crore.

This would take the company's aggregate distillery capacity from 145 kl per day to 305 kl per day, an official statement said.

According to it, the board has also approved the raising of up to $200 million from the international or domestic markets by way of issuing GDRs, FCCBs or private placement, in one or more tranches.

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