Page 2 - Borosil
Borosil merges five entities into two to simplify group structure
The Borosil Group, which runs the flagship kitchen and dining ware business under the brand names of Borosil and Larah, is amalgamating its two listed group companies and three promoter-held companies. Following the merger, for which it has received the necessary statutory approvals, the promoters' holding in Gujarat Borosil will come down to 70.5 per cent from 74.95 per cent now, the group said in a statement on Wednesday. Amalgamation envisages merger of Gujarat Borosil, Vyline Glass Works and Fennel Investment & Finance into Borosil Glass Works and also demerger of consumer and scientific businesses of Borosil Glass Works into Borosil, the group said. The merger is to simplify group structure by eliminating cross holdings and will give Borosil Glass Works shareholders direct proportional shareholding in the Gujarat Borosil business to reduce related party transactions to create more administrative efficiencies. Under the merger, two shares of Gujarat Borosil will fetch one ...
 "Borosil merges five entities into two to simplify group structure")
Borosil acquires 60% share in glass packaging firm Klasspack
Klasspack is a manufacturer of glass ampoules and tubular glass vials used as primary packaging materials by pharma companies
 "Borosil acquires 60% share in glass packaging firm Klasspack")
