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Private Equity | 9 November 2012

Hindusthan Glass To Raise Funds

by Charmi Gutka
 
@charmi
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.

Swiss Fund - Credo Buys Stake In Gulf Oil: Hinduja Unit Sells Part Holding

Swiss FII - Credo India Thematic Fund Limited bought over 45.89 lakh shares of Gulf Oil Limited through a bulk deal on NSE.The shares were bought for R87 per share for a total consideration of around R40 Cr.

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Temasek Plans More Investment In India

Singapore government’s investment arm Temasek Holdings is looking at investing in more unlisted players in the country with financial services, banking, consumer led industries, cement companies, pharma and health care being the preferred sectors.

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