Hot Pursuit     10-Jun-24
Borosil Renewables OKs raising Rs 450 cr via rights issue
Borosil Renewables announced that the company will be issuing fully paid-up equity shares aggregating up to Rs 450 crore via rights issue.
The board stated that it has approved the draft letter of offer to be filed with the Securities and Exchange Board of India and BSE and National Stock Exchange of India for their requisite approvals.

Borosil Renewables is engaged in the business of manufacturing of extra clear patterned glass and low-iron solar glass for application in photovoltaic panels, flat plate collectors and green houses.

The company reported a net loss of Rs 53.32 crore as against Rs 10.50 crore in Q4 FY24 over Q4 FY23. Revenue from operations fell 8.39% to Rs 283.11 crore in Q4 FY24.

The scrip rose 0.63% to currently trade at Rs 494.60 on the BSE.

Previous News
  Indices trade with minor gains; Nifty Bank hits record high
 ( Market Commentary - Mid-Session 25-Jun-24   10:33 )
  Borosil Renewables OKs raising Rs 450 cr via rights issue
 ( Hot Pursuit - 10-Jun-24   10:00 )
  Borosil Renewables reports consolidated net loss of Rs 48.07 crore in the March 2024 quarter
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  Borosil Renewables jumps as board OKs raising Rs 500 cr via rights issue
 ( Hot Pursuit - 01-Mar-24   11:37 )
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  Borosil Renewables board OKs raising Rs 500 cr
 ( Hot Pursuit - 27-Feb-24   15:24 )
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