Date:2/6/11,
M&A,
Domestic Deal,
HSIL Ltd (F/K/A Hindustan Sanitaryware & Industries Ltd, a Gurgaon based building products and container glass company, acquires 60% stake in Mumbai based Garden Polymers Pvt Ltd.
The remaining 40% stake will be bought by the promoter group of HSIL Ltd on same terms and value. Total deal size agreed for 100% stake is INR 890 million.
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