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CAM acts on $85m Trakya sale of HNG Float Glass to Hindusthan National Glass

“Hindusthan National Glass & Industries Ltd on Wednesday said it has entered into a share purchase agreement for divesting its entire 11.23% holding in HNG Float Glass Limited, which was a joint venture company between Hindusthan National Glass and Turkey-based float glass manufacturer Trakya Cam Sanayii A.S. for a consideration of Rs 129.76 crore,”, according to Mint. According to Cyril Amarchand Mangaldas’ release, Trakya bought a total of 50% equity stake in HNG Float Glass Limited from Hindusthan National Glass 13 other shareholders in the transaction, valued at Rs 600 crores.

Cyril Amarchand Mangaldas advised Turkish company Trakya Cam Sanayii AS led by a team of partners Smruti Shah, SR Patnaik, Mekhla Anand and Anshuman Sakle.

2018-06-13

Deal value: Rs 600 crores

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.


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