Hindustan Adhesives has received approval for Acquisition of 15,39,994 equity shares of Bagla Technopack (Subsidiary Company) incorporated under Companies Act, 2013, thereby making it a wholly owned subsidiary of the Company. The target entity is involved in the business of Plastics.
With this acquisition, the target entity will become wholly owned subsidiary of Company. The Board of Directors of the Company at their meeting held on December 26, 2023, has approved the same.
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.
