Hindustan Adhesives has received approval from board of directors for investment in the shares of PT. Bagla Group Indonesia and consequent to the investment in PT. Bagla Group Indonesia, it will become a Subsidiary of the Hindustan Adhesives. The primary objective of PT Bagla Group Indonesia is to conduct business in the processing industry and wholesale trade. The acquisition of this entity could be driven by multiple strategic reasons, such as expanding operations in Indonesia, especially in the manufacturing and trade sectors; Strengthening supply chain and market reach in Indonesia; Entering in the existing business segments that align with the parent companies, Hindustan Adhesives and Bagla Polifilms; Enhancing production capabilities and distribution networks within Indonesia.
The Board of Directors in its meeting held on March 10, 2025 has approved the same.
Hindustan Adhesives is engaged in the business of manufacturing coated products for packaging.
