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Borosil increases stake in Klass Pack to 82.49%

04 Jan 2022 Evaluate

Borosil’s Subsidiary -- Klass Pack has allotted 2,36,211 equity shares of face value of Rs 100 each at a premium of Rs 746.70 per equity share for cash for the total consideration of Rs 19.99 crore to Borosil. Pursuant to this, the holding of the company in Klass Pack has increased from 79.53% to 82.49% of equity share capital of Klass Pack. Klass Pack will utilize these funds for expansion of its production capacity for its existing products.

Borosil is engaged in the business of manufacturing and trading of Scientific and Industrial Products (SIP) and Consumer Products (CP). SIP consist of laboratory glassware, instruments, disposable plastics, liquid handling systems and explosion proof lighting glassware. CP consist of microwavable and flameproof kitchenware, glass tumblers, tableware and dinnerware, Appliances and Storage products.

Borosil Share Price

254.90 -0.25 (-0.10%)
21-Apr-2026 16:59 View Price Chart
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