Hindusthan National Glass to divest investment in HNG Global GmbH

Hindusthan National Glass & Industries Ltd has announced that the Company has entered into an agreement for disinvestment of its entire investment in HNG Global GmbH.

Jun 23, 2016 02:06 IST India Infoline News Service

News Newspaper Text
Hindusthan National Glass & Industries Ltd has announced that the Company has entered into an agreement for disinvestment of its entire investment in HNG Global GmbH, a wholly Owned subsidiary of the Company. 

Hindusthan National Glass & Industries Ltd is currently trading at Rs. 80, up by Rs. 1.25 or 1.59% from its previous closing of Rs. 78.75 on the BSE.
The scrip opened at Rs. 84.65 and has touched a high and low of Rs. 84.65 and Rs. 77.1 respectively. So far 5178(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 687.88 crore.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 119 on 28-Jul-2015 and a 52 week low of Rs. 57.15 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 82.95 and Rs. 78.2 respectively.
The promoters holding in the company stood at 69.98 % while Institutions and Non-Institutions held 7.27 % and 22.75 % respectively.
The stock is currently trading above its 200 DMA.

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