ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Indo Asahi Glass

INDO-ASAHI GLASS is diluting the non-resident shareholding to 40 per cent under FERA by making an offer on behalf of the parent Japanese com-pany, Asahi Glass of Japan, for sale of 4,80,000 equity shares of Rs 10 each at par. The application list for the offer opened on July 30. Indo-Asahi has been producing sheet glass for a number of years. It claims to be the most standardised manufacturer of thinner sheets ranging from 1.1 mm to 1.6 mmn thickness, which are mainly required by defence and civil health services.

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