Borosil Limited informed the exchange that its subsidiary, Klass Pack Limited has completed acquisition of ~4.56% stake in Goel Scientific by way of purchase of 1,66,290 equity shares from Mr. Hemant Goel.
In their disclosure dated August 23, 2023, Borosil spoke of the execution of share purchase agreement by the Company’s subsidiary, Klass Pack Limited (“KPL”), for acquisition of additional stake of ~4.56% in Goel Scientific Glass Works Limited (“Goel Scientific”).
With this purchase, holding of KPL in Goel Scientific has increased from 90.17% to ~94.73%.