Borosil Renewables is planning to raise funds by the way of public offer, issuance of American Depository Receipts or Global Depository Receipts, issuance of Foreign Currency Convertible Bonds, qualified institutions placement or through a combination thereof, as may be considered appropriate, subject to requisite approvals including approval of the shareholders of the Company and requisite government/regulatory/statutory approvals, each as applicable. A meeting of the Board of Directors of the Company is scheduled to be held on July 14, 2022, inter alia, to consider the same.
Borosil Renewables is engaged in the manufacturing of low-iron-textured solar glass for applications in photovoltaic panels, flat-plate collectors, and greenhouses and is the first and only solar glass manufacturer in India.
