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Borosil Renewables’ arms complete acquisition of 86% stake in GMB, Interfloat

22 Oct 2022 Evaluate

Borosil Renewables’ overseas wholly owned subsidiaries--- Geosphere Glassworks GmbH and Laxman AG, have completed the acquisition of 86% stake in GMB Glasmanufaktur Brandenburg GmbH (GMB) and Interfloat Corporation (Interfloat), respectively. Consequently, both GMB and Interfloat have become step-down subsidiary companies of the Company with effect from October 21, 2022.

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.

Peers
Company Name CMP
Asahi India Glass 1023.90
Borosil Renewables 405.65
Borosil Scientific 108.60
Haldyn Glass 133.50
Sejal Glass 846.45
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