Sezal Glass raising Rs 18 cr from brand equity treaties

Glass manufacturer Sezal Glass is raising around Rs 18 crore through issue of shares to ad-for-equity investor Bennett Coleman & Co Ltd’s arm Brand Equity Treaties Ltd.

The deal will give the media firm around 6.5% stake in the small cap firm.

The company (formerly known as Sejal Architectural Glass Ltd) started off as a glass trading retail outlet two decades ago but moved into processing with a unit in Charkop and later setting up a processing unit at Silvassa.

Last month, it signed a MoU with Gujarat government on an intent to invest Rs 750 crore for its second float glass manufacturing unit at Bharuch at Jhagadia. The compoany had started manufacturing at its first glass making unit at the same location around a year ago.

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600450 Sezal Glass raising Rs 18 cr from brand equity treaties glassonweb.com
Date: 25 February 2011
Source: www.moneycontrol.com

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