8/6/22, 1:05 PM Glass Industry: Kotak Special Situations Fund to invest up to Rs 450 cr in Gold Plus Glass Industry - The

lass Industry - The Economic Times

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Business News › Industry › Ind'l Goods/Svs › Paper / Wood / Glass/ Plastic/ Marbles › Kotak Special Situations Fund to invest up to Rs 450 cr in Gold Plus Glass Industry
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Kotak Special Situations Fund to invest up to Rs తెలుగు

450 cr in Gold Plus Glass Industry

PTI Last Updated: Mar 01, 2022, 02:34 PM IST
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Synopsis

ec n a n i F j
Under the transaction, out of the total amount of up to Rs 600 crore to be raised by Gold

ec n a n i F j a j a B
Plus, KSSF will invest up to Rs 450 crore while Premji Invest, an existing investor in Gold
Plus, will invest up to an additional Rs 150 crore, according to a statement.

Kotak Special Situations Fund (KSSF),

managed by Kotak Investment
Bajaj
Advisors, on Tuesday announced an
investment of up to Rs 450 crore in
Gold Plus Glass Industry Ltd. Gold
Finance
Plus is a leading float glass
manufacturer, with two Fixed
Deposit
manufacturing lines in North India,
and offers a full bouquet of product
offerings of clear glass and value-added glass.

Under the transaction, out of the total amount of up to Rs 600 crore to be Bajaj Finance
raised by Gold Plus, KSSF will invest up to Rs 450 crore while Premji Invest, an
existing investor in Gold Plus, will invest up to an additional Rs 150 crore,
according to a statement.

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The funds raised by Gold Plus will be used to invest in the company's
expansion plan of setting up two new float glass manufacturing lines and one
solar glass line in South India for a project of up to Rs 2,500 crore. Popular in Ind'l Goods/Svs

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