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Hindusthan National Glass inks pact to disinvest stake in HNG Float Glass

14 Jun 2018 Evaluate

Hindusthan National Glass & Industries has entered into a Share Purchase Agreement (SPA) for disinvestment of its holdings 11.23% in HNG Float Glass, a Joint Venture of the Company and transferred 34,593,005 Equity Shares to Trakya Cam Sanayii AS.

Hindusthan National Glass, a CK Somany group was founded by C K Somany, a visionary entrepreneur in 1952 with the inauguration of India’s first fully automatic glass container manufacturing plant at Rishra, near Calcutta (INDIA).

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