Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Borosil plans to use the funds to double its solar glass manufacturing capacity to 950 tons per day

December 18, 2020

/ Nithin Thomas
/ Finance and M&A, Solar
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Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares.

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Nithin Thomas

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BorosilcapitalEquityfinanceFundingGlassManufacturingQIPSharesSolar
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