Hindustan Adhesives has made additional investment of around Rs 9.74 lakh by acquiring shares of 97,380 i.e. 6.40% in the right issue of Bagla Tecvision. Earlier, the company has made an investment of Rs 15.02 lakh by acquiring shares of 1,50,240 i.e. 19.76% in the right issue of Bagla Tecvision as on December 18, 2021.
The acquisition is to carry on the business of development of application (APP) for sports management and other related activities and to develop, organize promote, establish, acquire, run or manage health clubs and health centres, yoga centres, massage parlours, beauty parlours, fitness centres, indoor stadiums, sports physiotherapy, centers, sports bars, aerobic clubs, fitness centres, yoga centres, slimming centers, nutrition clinics and sports and games clubs and Gymnasiums.
Hindustan Adhesives is engaged in manufacturing of self-adhesive tapes and polyolefin (POF) film.
