Hindusthan National Glass & Industries has received an approval to divest its entire stake in HNG Global GmbH, Germany, a wholly owned subsidiary of the company.
The move is subject to approval of the shareholders. The board of directors approved the move at its meeting held on September 26, 2015.
Hindusthan National Glass & Industries produces premium glass containers for every kind of application for industries such as pharmaceuticals, beverages, processed foods, cosmetics, liquors etc.