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Tuesday November 3, 04:00 PM Reuters

Bajaj Hindusthan denies stake buy talk

MUMBAI (Reuters) - Sugar maker Bajaj (BAJAJAUTO.NS : 2101.05 0) Hindusthan Ltd said on Tuesday it has not considered or decided buying a stake in rival Balrampur Chini Mills.

"Till date, the board of directors of our company has not considered and/or taken any decision," about buying stake from the promoters of Balrampur, it said in a disclosure to the National Stock Exchange (^NSEI : 4941.75 -63.8).

The Economic Times newspaper on Saturday had reported that Bajaj Hindusthan was in talks with Balrampur Chini to buy stake from its founders for 24 billion rupees.

(Reporting by Swati Pandey; Editing by Sunil Nair)

(For more news on Reuters Money visit http://www.reutersmoney.in)

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