Borosil Glass Works along with its nominee has acquired 100% equity shares of Hopewell Tableware along with all its assets & liabilities and consequent to such acquisition, Hopewell Tableware has become an unlisted wholly owned subsidiary (WOS) of the company with effect from January 28, 2016.
The company had earlier on January 14, 2016, 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.
Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.
