Skip to main content

MoneyWorks4Me

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).

Peers
Company Name CMP
Asahi India Glass 1055.10
Borosil Renewables 419.60
Borosil Scientific 109.95
Haldyn Glass 135.75
Sejal Glass 873.25
View more..