Sezal Glass Sells Unit to Saint-Gobain India

NEW DELHI --Sezal Glass, a glass-processing company, sold its float-glass business to Saint-Gobain Glass India for 6.86 billion rupees ($152.4 million).

The deal was a slump sale,a term that refers to a company selling its assets and liabilities for a single lump sum without assigning separate values to each.*

Sezal Glass, in a notification to the National Stock Exchange, said the sale was approved by the company's shareholders.

The floating glass facility in Jhagadia Industrial Estate in the western state of Gujarat has the capacity to produce 550 million tons of glass a day.

600450 Sezal Glass Sells Unit to Saint-Gobain India

See more news about:

Others also read

Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
Glassman as one of the largest glass processing machine manufactures in the world presented ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.
The development of ESG’s privacy glass product, ESG Polyvision™, has quite literally reached new heights.
We sincerely thank all our members, friends and visitors for being part of GlassOnWeb and its success during 2011.

Add new comment