Bajaj Hindusthan Sugar acquires 98% stake in Phenil Sugars

Publicly listed, Lucknow-based Bajaj Hindusthan Sugar Ltd (BHSL) has acquired a 98.01% in Delhi-headquartered Phenil Sugars Ltd (PSL) by way of conversion of existing preference shares into equity shares. Phenil Sugars had posted a revenue of INR 5.57 lakh for FY22.