MoneyWorks4Me

Blue Blends India sells 52% equity holding of Blue Blends Equity

11 Apr 2014 Evaluate

Blue Blends India has sold 52% equity holding of Blue Blends Equity. Consequently, Blue Blends Equity ceases to be a subsidiary company of Blue Blends India. Separately, Bindal Synthetics has become fully own subsidiary company of the company.

Blue Blends (India), the flagship company of Arya Group, was incorporated in 1983 and has been manufacturing the wonder fabric ‘Denim’ since 1995. Today the company is very much the leading textiles manufacturers of the country.

Peers
Company Name CMP
Vardhman Textiles 492.30
Welspun Living 206.35
Arvind 477.55
Raymond Lifestyle 510.70
K.P.R. Mill 1002.90
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