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An update from Borosil Renewables Limited ( (IN:BORORENEW) ) is now available.
Borosil Renewables Limited announced a restructuring of the utilization of proceeds from its preferential issue of equity shares and warrants due to undersubscription by some proposed allottees. The revised allocation includes maintaining the repayment of liabilities related to a subsidiary’s standby letter of credit, reducing capital expenditure for solar glass production expansion, and eliminating funds for general corporate purposes. This restructuring could impact the company’s operational expansion plans and financial strategy.
More about Borosil Renewables Limited
Borosil Renewables Limited operates in the renewable energy industry, primarily focusing on the production of solar glass. The company is engaged in expanding its manufacturing capacity to cater to the growing demand for solar energy solutions.
YTD Price Performance: -7.60%
Average Trading Volume: 50,991
Current Market Cap: 67.07B INR
For an in-depth examination of BORORENEW stock, go to TipRanks’ Stock Analysis page.