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.

Read the full story below.

600450 Sezal Glass raising Rs 18 cr from brand equity treaties glassonweb.com

See more news about:

Others also read

The architect selected Guardian SunGuard® SuperNeutral® (SN) 70/37 on Guardian ExtraClear float glass for the glazed façade, windows and impressive-looking atrium.
The first edition of the two-day Chile Glass event dedicated to the glass industry concluded with many regarding it as a success.
Glass for Europe welcomes today’s release by the European Commission of the ’Clean Planet for All’ communication on a European strategic long-term vision for a climate neutral economy [1], which marks the start of an inclusive debate.
CSR Limited (CSR) announced it has entered into an agreement to sell its Viridian Glass (Viridian) business to Crescent Capital Partners (Crescent) for a total cash consideration of approximately $155 million.
The first event dedicated to the technologies and solutions for glass processing ever held in Chile is taking place today and tomorrow.
Australian Glass Group is excited to announce their brand new Tasmanian plant is up and running!

From industry

40 Corniche El-Nil,
Al Sharafain Tower Maadi,
Cairo Governorate
11728
Egypt

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul
Turkey

Add new comment