India's Borosil Renewables buys 86% stake in Europe's largest solar glass maker – pv magazine International
Borosil Renewables signed a binding offer to acquire 100% of Germany's Interfloat Group in April this year.
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Borosil Renewables signed a binding offer to acquire 100% of Germany's Interfloat Group in April this year.
Borosil Renewables Limited (BRL) has acquired 86% stake in the European solar glass manufacturer Interfloat Group, through its overseas wholly-owned subsidiaries.
Solar glass manufacturer Borosil Renewables has acquired a 86% stake in European peer Interfloat Group expanding its customer base in Europe.
Borosil Renewables had signed a binding offer for 100% equity in Interfloat Group, Europe’s largest solar glass manufacturer, in April this year.
'The sense of urgency to install renewables is very high, and solar is perhaps the easiest and simplest,' Executive Chairman Pradeep Kheruka said.