Piramal Glass Ceylon ownership sold to PGP Glass for Rs. 6.22 Bn

March, 30, 2021

Piramal Glass Pvt Ltd, a major shareholder of Piramal Glass Ceylon PLC, sold its entire stake to PGP Glass Pvt Ltd this morning (30).

Piramal Glass Pvt Ltd sold 536,331,880 shares or 56.45% of its shares at a price of Rs. 11.60 each.

The total value of this transaction is Rs. 6.22 billion.

PGP Glass Private Limited is an unlisted private company in India. It was incorporated on 06 November, 2020 and is located in Mumbai City, Maharashtra.