HSIL gets nod to raise funds up to Rs 250 crore

30 Oct 2014 Evaluate

HSIL has received an approval to raise further capital under Companies Act, 2013 through private placement of up to Rs 250 crore for prepayment of long term/short term debts. The board of directors at their meeting held on October 29, 2014 has approved for the same.

HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.

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