Borosil Scientific makes additional investment in Goel
The post allotment shareholding of the company will be 99.37% in Goel
Borosil Scientific has made an additional investment in Goel Scientific Glass Works (Goel), subsidiary of the company, through a rights issue. The company has invested Rs 11.68 crore comprising of 1,16,81,557 equity shares of Rs 10 each, at par, to enable Goel to meet its capital expenses, operational expenses and other general corporate purposes. The post allotment shareholding of the company will be 99.37% in Goel.
Borosil Scientific is engaged in the business of manufacturing and trading of Scientific & Industrial Products (SIP) and manufacturing of Consumer Products (CP).
