Lab glassware major Borosil acquires stake in Klasspack Pvt Ltd

Q.  Which world class glassware major has announced acquisition of 60.3 percent stake in Klasspack Pvt Ltd?
- Published on 02 Aug 16

a. Asahi
b. Borosil
c. La Opala
d. Saint Gobain

ANSWER: Borosil
 
Laboratory glassware major Borosil Glass World Ltd has announced the acquisition of 60.3 percent stake in Nashik based Klasspack Pvt Ltd for an amount which has not been specified.
  • A majority of the stake has been purchased by way of fund infusion and the balance by smaller secondary purchase of shares according to company statement.
  • Klasspack is a leading manufacturer of glass ampoules and tubular glass vials.

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