Hindusthan National Glass and Industries Ltd is in talks with a European multinational to divest part of its 16.76% treasury stock by the end of this fiscal. The company is also in exclusive discussions for acquiring two companies, one in Southeast Asia and the other in
Its strategic stake sale is primarily to expand the business with a strong global footprint by exploring the capabilities of the multinational partner, and its own strength. The company is currently valued at Rs.1,942 crore. In June,
The firm has initiated a capacity expansion drive by setting up two new manufacturing plants at Rs.1,050 crore. The new facilities, which will create additional capacity of 1,300 tonnes per day (tpd), are to come up in Andhra Pradesh and western
Hindusthan National Glass, which makes glass bottles used in the food and beverage, and pharmaceutical industries, is also exploring acquisition opportunities overseas, in markets such as Europe and
| Company Name | CMP |
|---|---|
| Asahi India Glass | 851.60 |
| Borosil Renewables | 498.50 |
| Borosil Scientific | 118.55 |
| Haldyn Glass | 91.76 |
| La Opala R G | 180.45 |
| View more.. | |
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