Shilpa Shetty, the beautiful actress, has a million-dollar smile which can light up thousands of homes. Now, that smile will light up the dull board room of a Kolkota based company called Hindusthan Safety Glass Industries Ltd.
Shilpa Shetty is not just a beautiful face but there is a corporate/ investor’s mind behind that face. No doubt, Shilpa has been inspired by the success of her senior, the illustrious Amitabh Bachchan, who made millions from Just Dial and from Salman Khan who is now hobnobbing with the Billionaire brothers, Mukesh & Anil Ambani, thanks to his stake in Travel Yatra.
NDTV has revealed the exciting news that Shilpa Shetty and her husband Raj Kundra have acquired a majority stake in Hindusthan Safety Glass Industries.
A study of the open offer document filed by the lovely couple with SEBI reveals that they have invested Rs. 1.88 crore in buying up 51.51% of HSGI’s paid up equity. The couple will have to acquire a further 26% as per SEBI norms.
It is a big mystery why Shilpa Sheet is interested in Hindusthan Safety Glass Industries. The company appears to be a defunct company with no operations and no sales. Its only income in FY 2012-13 was Rs. 27.10 lakhs which came from some miscellaneous source. The Quarterly results also tell the same story.
I thought maybe there was a huge stash of land that Shilpa was eyeing but even that doesn’t seem to be the case. The company has no fixed assets (or even P&M). It has some paltry current assets valued at Rs. 35.20 lakhs as of 31st March 2013.
I think we’ll have to wait for Shilpa Shetty to take over the company. Then, we will know why she bought the company and what she plans to do with it.
I am sure when we learn the reason we will all rush to compliment her on her brilliant business mind!!