Borosil Glass Works is currently trading at Rs. 2440.00, up by 21.50 points or 0.89% from its previous closing of Rs. 2418.50 on the BSE.
The scrip opened at Rs. 2470.00 and has touched a high and low of Rs. 2470.00 and Rs. 2428.50 respectively. So far 627 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2989.00 on 10-Aug-2015 and a 52 week low of Rs. 1480.00 on 12-Jun-2015.
Last one week high and low of the scrip stood at Rs. 2470.00 and Rs. 2350.00 respectively. The current market cap of the company is Rs. 736.32 crore.
The promoters holding in the company stood at 74.18% while Institutions and Non-Institutions held 0.03% and 25.79% respectively.
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.
