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Borosil Glass Works makes additional investment in subsidiary company

05 Mar 2019 Evaluate

Borosil Glass Works has made an additional investment of Rs 2,50,00,044.50 by way of subscription to the rights issue of partly paid up equity shares of Klass Pack (Klasspack), a subsidiary company. With the said investment, the company's shareholding in Klasspack has increased from 70.21% to 75.73%.

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

Peers
Company Name CMP
Asahi India Glass 1008.40
Borosil Renewables 408.95
Borosil Scientific 108.15
Haldyn Glass 135.65
Sejal Glass 871.10
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