Hindustan Adhesives further invests in Bagla Tecvision; Stock sheds 4.5%

18 Feb 2022 , 09:23 AM

Hindustan Adhesives Ltd has made an investment of Rs9,73,800 by acquiring shares of 97,380 i.e. 6.40% in the Right Issue of Bagla Tecvision Private limited.

Earlier the company has made an investment of Rs15,02,400 by acquiring shares of 1,50,240 i.e. 19.76% in the Right Issue of Bagla Tecvision Private limited as on December 18, 2021.

Total investment made by the Company in Bagla Tecvision Private Limited is Rs24,76,200(taking into consideration with earlier investments) by acquiring 2,47,620 equity shares constituting 16.28% of total paid up share capital, said company in a filing.

Further, the new industry belongs to Sports and Sports related Health Fields.

At around 9:22 AM, Hindustan Adhesives was trading at Rs381 apiece down by Rs18.05 or 4.52% against its previous closing of Rs399.05 apiece on the BSE.