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.
Myntra, part of the Flipkart Online Services Pvt Ltd, has acquired the online fashion platform Jabong from the Global Fashion Group. The $70 million deal will see the creation of one of the biggest online fashion platforms in India. The combined online retailers will have the distinction of becoming the largest e-commerce marketplace in the country.