Borosil Glass Works has made additional investment in its two subsidiary companies. The company has made investment of Rs 14,92,95,908.42 by way of subscription to the rights issue of equity shares of Klass Pack (Klasspack), a subsidiary company. With the said investment, the company's shareholding in Klasspack has increased from 60.3% to 70.21%.
Besides, the company has made investment of Rs 2,45,00,000 by way of subscription to the rights issue of partly paid up equity shares of Borosil Technologies (formerly known as Borosil Glass), a wholly owned subsidiary company.
Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.
