HSIL sells entire investment in AGI Glasspack

HSIL has disinvested/ sold its entire investment in equity shares of its wholly owned subsidiary, AGI Glasspack. The company has taken this step pursuant to the decision taken by the board in its meeting held on March 20, 2013. Accordingly AGI Glasspack ceases to be a subsidiary company of HSIL with effect from March 25, 2013.

HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.