Borosil Renewables to acquire 100% of GMB and Interfloat

Borosil Renewables has approved the acquisition of 100% stakes in GMB Glasmanufaktur Brandenburg GmbH and Interfloat Corporation, both solar glass manufacturers. The deal includes cash and performance-based earnouts.

“Borosil Renewables Ltd on April 25 announced on exchanges that its board approved buying of 100 percent stake of Interfloat Corporation and GMB Glasmanufaktur Brandenburg GmbH (GMB).”moneycontrol.com

• 2 sources
• moneycontrol.comBorosil to buy 100% stake in Germany's GMB and Interfloat- Moneycontrol.comMoneycontrol NewsApr 25, 2022
• zeebiz.comBorosil Renewables to invest Rs 1,500 crore in two years to add capacity by 2.5 timesPTIMay 10, 2022

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