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Private Equity | 9 November 2012

Hindusthan Glass To Raise Funds

by Charmi Gutka
Hindusthan Glass To Raise Funds
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Hindusthan National Glass is planning to raise R300 Cr. The company’s board meeting held on Tuesday has approved to issue new equity shares of face value of Rs. 2/- each at a premium, issue size aggregating, upto R300 Cr on Rights/Preferential basis, either as direct equity or through a convertible instrument.

Last December, Hindusthan National Glass announced its plan for acquisition opportunities in the container glass segment in the Europe.

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