Borosil Renewables wraps up stake acquisition of Glasmanufaktur Brandenburg and Interfloat

Borosil Renewables wraps up stake acquisition of Glasmanufaktur Brandenburg and Interfloat

Borosil Renewables Limited has reported the completion of the previously announced acquisition of an 86% stake in GMB Glasmanufaktur Brandenburg GmbH (GMB) and Interfloat Corporation by its fully-owned subsidiaries — Geosphere Glassworks GmbH and Laxman AG, respectively. As a result of the deal, Glasmanufaktur Brandenburg and Interfloat have both become step-down subsidiaries of Borosil Renewables. […]

Borosil Renewables incorporates Liechtenstein-based SPV Laxman AG

Borosil Renewables incorporates Liechtenstein-based SPV Laxman AG

Indian solar glass manufacturer Borosil Renewables (BRL) said that it has incorporated a fully-owned subsidiary called Laxman AG, a special purpose vehicle (SPV) in Liechtenstein. Borosil Renewables created Laxman AG for executing the company’s previously announced acquisition of Europe-based Interfloat Group of companies. The cash and stock deal was announced in April 2022. Interfloat Group […]