HLE Glascoat has received approval for raising of funds by way of issue of equity shares or any other instruments convertible into equity shares or any other eligible securities through qualified institutions placement, private placement/ public issue of equity, preferential issue or through any other permissible mode and/ or combination thereof as may be considered appropriate, subject to such statutory/ regulatory approvals including the approval of the Shareholders at a general meeting or through postal ballot, as may be required for an aggregate amount not exceeding Rs 350 crore. The board of directors at its meeting held on June 6, 2022 has approved the same.
HLE Glascoat is a leading manufacturer of process equipment for the chemical and pharmaceutical industries.
