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Klass Pack Ltd, a 82.49% subsidiary of Borosil Ltd, has today, signed a binding share purchase agreement with Mr. Hemant Goel and others, majority shareholders of Goel Scientific Glass Works Limited.
The company denied the premises raided by KRA belong to them saying their production plant is based in Thika Town.
Klass Pack Limited has today allotted 2,36,211 equity shares of face value of Rs 100/- each at a premium of Rs. 746.70 per equity share to Borosil Ltd. Pursuant to this, the holding of the Company in Klass Pack has increased from 79.53% to 82.49% of equit