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.
US based Tano Capital has invested R60 Cr in micro finance company, Arohan Financial Services for a 30% stake. The deal pushes Arohan’s networth to R135 Cr and provides fresh capital to finance it’s expansion.