Hindustan Adhesives has made an investment of Rs 12.33 lakh by acquiring shares of 1,23,380 i.e. 27.42% in the Right Issue of Bagla Tecvision. Further, the total investment made by the company till date in Bagla Tecvision is Rs 75 lakh by acquiring 7,50,000 equity shares constituting 15% of total paid up share capital.
Objects of acquisition are 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. It also aims to undertake all kinds of commercial activities in the sports and sports related health fields including the providing of sports infrastructure, consultancy and to promote and market all types of branded and unbranded gears, equipments and accessories of all sports and games. Besides, it aims to carry on in India or elsewhere the business of organizing and managing all kinds of events, shows, and such other programmes and festivities for image building, marketing and entertainment.
Hindustan Adhesives is engaged in the business of manufacturing coated products for packaging. The product range of the company includes Tear Tapes, Packaging Tapes, Speciality Tapes like Foam Tapes, Double Sided Tapes, Security Tapes, Bakery Tapes, Custom Taylored Tapes, Polyester Tapes, Cellulose Tapes, Cable Tapes, Masking Tapes, Handle Tapes & BOPP Film.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3654.70 |
| Astral | 1569.55 |
| Finolex Inds | 177.95 |
| Nilkamal | 1302.00 |
| Jain Irrigation Sys | 35.10 |
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