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HLE Glascoat Completes Amalgamation with Kinam Enterprise

Story Highlights
  • HLE Glascoat Ltd specializes in glass-lined equipment for chemical and pharmaceutical sectors.
  • The merger with Kinam Enterprise increases HLE Glascoat’s authorized share capital and market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
HLE Glascoat Completes Amalgamation with Kinam Enterprise

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HLE Glascoat Ltd ( (IN:HLEGLAS) ) just unveiled an announcement.

HLE Glascoat Ltd has announced the completion of a Scheme of Amalgamation with Kinam Enterprise Private Limited, which has been approved by the National Company Law Tribunal. This merger, effective from August 7, 2023, results in an increased authorized share capital for HLE Glascoat, enhancing its financial capacity and potentially strengthening its market position.

More about HLE Glascoat Ltd

HLE Glascoat Ltd operates in the manufacturing industry, specializing in the production of glass-lined equipment. The company focuses on providing solutions for the chemical and pharmaceutical sectors, offering products that are essential for processing and storage applications.

Average Trading Volume: 48,732

Technical Sentiment Signal: Buy

Current Market Cap: 35B INR

See more data about HLEGLAS stock on TipRanks’ Stock Analysis page.

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