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 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.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.