“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
2018-06-13
Deal value: Rs 600 crores
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