Religare Enterprises’ subsidiary - Religare Finvest has hiked its stake in Hindustan Tin Works by 2.41% to 14.09%. Prior to stake hike, Religare Finvest had 12.15 lakh shares or 11.68% in Hindustan Tin Works. It now holds 14.65 lakh shares in the company. As on June 30, Hindustan Tin Works’ promoters had 38.35% holding in the company.
Religare Finvest offers debt capital to SMEs in the form of loans against property, working capital loans, loans against plant and machinery, vehicles and construction equipment and loan against marketable securities among others.
Hindustan Tin Works provides flexible packaging solutions which are being used extensively for all major FMCG, Food & Non-Food packed products.
