German Subsidiary files for insolvency. Borosil to focus on the domestic business.
After three years of acquiring a German Company, Borosil Renewables Ltd (BRL) has decided to give up and has gone ahead and filed for insolvency of the German Company. German operations have been a significant overhang on BRL’s overall financials since its acquisition. BRL’s management attributes the German failure to local macros; flooding by cheap … Read more