Balrampur Chini denies stake sale talk

MUMBAI, Nov 3 (Reuters) - Sugar maker Balrampur Chini Mills (BACH.BO) said on Tuesday it has not entered into any stake sale agreement with rival Bajaj Hindusthan (BJHN.BO).

The company held some talks with Bajaj Hindusthan to discuss future business strategies, it said in a letter to the stock exchange.

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

(Reporting by Nandita Bose; Editing by Ramya Venugopal)