Board of Borosil Renewables approves preferential issue of 2662 lakh shares

17 Jul 2022 , 01:33 AM

Borosil Renewables announced that the Board of Directors of the company at the meeting held on 14 July 2022 have approved Issuance of 2662757 equity shares of face value of Re1 each of the Company at price of Rs 67452 including premium of Rs67352 aggregating to an amount of Rs17960 crore which is equivalent to EUR 22500000 as on the Relevant Date to HSTG Glasholding GmbH by way of preferential issue for consideration other than cash subject to the approval of the shareholders at the annual general meeting towards acquisition of 6809Percentage stake in lnterfloat Corporation