Hindusthan National Glass inks pact with Lotus One Investment

| Updated on January 14, 2019

Hindusthan National Glass & Industries has entered into a CCPS subscription agreement with Lotus One Investment Pte Ltd and the promoters of the company. Under the agreement, the company proposes to raise up to ₹393.64 crore by issuing up to 4.699 crore compulsorily convertible preference shares of face value ₹2 each at an issue price of ₹83.77 a share. Shares of Hindusthan National Glass edged up 3.3 per cent at ₹93.50 on the BSE.

Published on January 14, 2019

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