Hindustan Adhesives Limited (BSE:514428) agreed to acquire Bagla Technopack Private Limited for INR 15.4 million on December 26, 2023. Post the completion of the transaction, Bagla Technopack will become a wholly owned subsidiary of Hindustan Adhesives. The Board of Directors of Hindustan Adhesives approved the acquisition.

Bagla Technopack reported nil turnover for the year 2022-23. The transaction is expected to complete between 30-40 days from December 26, 2023.