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Borosil Renewables to Acquire Two Solar Glass Manufacturing Units in Europe

The acquisition is expected to be completed in the next 6 to 18 weeks

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Borosil Renewables, an India-based solar glass manufacturer, announced the acquisition of 100% share capital of lnterfloat Corporation and Glasmanufaktur Brandenbur (GMB), entities engaged in the solar glass manufacturing business, sales, and distribution, in Europe for a cash consideration and shares equivalent of €52.5 million (~$56.6 million).

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