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Bombay Dyeing Manufacturing Company informs about company updates

22 Jun 2018 Evaluate

Bombay Dyeing Manufacturing Company has informed that the Company has signed a term sheet to acquire additional 3409 shares (representing 52.11% of total paid up capital) in its existing Joint Venture in Indonesia viz. PT. Five Star Textile Indonesia. With this additional acquisition, the shareholding of the Company in the Joint Venture will rise to 86% from 33.89% at present, thereby making it a subsidiary of the Company. This is a strategic move to wind up the loss making Joint Venture in due course.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Vardhman Textiles 531.60
Welspun Living 219.15
Arvind 525.65
Raymond Lifestyle 575.35
K.P.R. Mill 1099.90
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