Turkish glass major acquires 45% stake in HNGFL

Date: 15 January 2013
Source: www.business-standard.com

Date: 15 January 2013

Turkish Glass maker  Trakya Cam Snayii AS bought a 45 per cent stake in HNG Float Glass Limited (HNGFL) through a joint Venture (JV) agreement on Friday.

According to the JV, Hindustan National Glass and Industries (HNGIL), the share-holding company in HNGFL and its promoter, the Somany family, will now dilute their stake in HNGFL.Read more...Turkish Glass maker  Trakya Cam Snayii AS bought a 45 per cent stake in HNG Float Glass Limited (HNGFL) through a joint Venture (JV) agreement on Friday.

According to the JV, Hindustan National Glass and Industries (HNGIL), the share-holding company in HNGFL and its promoter, the Somany family, will now dilute their stake in HNGFL.

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600450 Turkish glass major acquires 45% stake in HNGFL glassonweb.com

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