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Borosil Glass Works to acquire 100% stake in Hopewell Tablewar for Rs 27.03 crore

15 Jan 2016 Evaluate

Borosil Glass Works has received an approval for entering into a Share Purchase Agreement, as per which the company will acquire entire 100% equity shares of Hopewell Tableware for Rs 27.03 crore. The board of directors at their meeting held on January 14, 2016 has approved for the same.

Hopewell Tablewar is a manufacturer and supplier of Opal Melamine & Bone China. The company will convert Hopewell Tablewar into its wholly-owned subsidiary and will infuse Rs 10.89 crore more in Hopewell Tableware.

Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.



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