Piramal Glass says stake sale talk report 'baseless'

Piramal Glass Ltd said on Monday that a newspaper report saying the founders were in talks to sell stake in the company was 'baseless'.                                           

The Economic Times had reported on Monday, the Ajay Piramal group was in discussion to sell its glass business to Hindusthan National Glass & Industries Ltd.                                            
 

Shares of Piramal Glass had jumped more than 7% in early trade on Monday but later eased to Rs100.5 at 11.05am, still up 3.4% in the Mumbai market.