Borosil Renewables has informed that the overseas wholly owned subsidiaries of the Company, namely, 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 21 October 2021.
The above information is a part of company’s filings submitted to BSE.