Borosil Scientific makes strong market debut after demerger

Borosil Scientific made strong stock market debut on June 7 by opening 83 percent higher on BSE at Rs 178.18.

The firm had completed its demerger from Borosil Limited in December 2023. After the restructuring, Borosil Scientific Limited was formed, which encompasses a portfolio including laboratory instrumentation, pharmaceutical primary packaging, process systems, along with laboratory glassware and consumables.

The demerger aims to sharpen the focus on the scientific division, allowing for enhanced operational efficiency and targeted growth in the global market, the company said in an exchange filing on June 7.

Vinayak Patankar, whole-time director and chief executive officer of Borosil Scientific said, “As we move forward with the demerger, we are confident that this strategic decision will unlock significant value for our scientific and industrial products business. This restructuring will enable us to attract business-specific investors and strategic partners, providing greater flexibility in accessing capital and fostering focused strategies for sustained growth.”