An undisclosed buyer agreed to acquire 11.23% stake in HNG Float Glass Limited from Hindusthan National Glass & Industries Limited (BSE:515145) on June 8, 2018. Board of directors of Hindusthan National Glass & Industries Limited has approved the transaction.

Trakya Cam Sanayii A.S. (IBSE:TRKCM) completed the acquisition of additional 11.23% stake in HNG Float Glass Limited from Hindusthan National Glass & Industries Limited (BSE:515145) for INR 1.3 billion on June 13, 2018. Trakya Cam Sanayii A.S. signed the share purchase agreement and acquired 34.5 million shares of HNG Float Glass. As of March 31, 2018, HNG Float Glass Limited reported turnover of INR 5.5 billion and net worth of INR 4.2 billion.