Rexam Beverage Can (India Holdings) Ltd. signed a term sheet to acquire remaining 0.77% stake in Rexam HTW Beverage Can (India) LTD. from Hindustan Tin Works Ltd. (BSE:530315) for £1 million in cash on November 5, 2014. Hindustan Tin Works will sell 3.3 million shares of Rexam HTW. The transaction is subject to execution of definitive agreement and completion of other customary conditions.

The transaction was approved by Board of Directors of Hindustan Tin Works.