Bombay Dyeing to close subsidiary in Indonesia

Bombay Dyeing And Manufacturing Company Ltd. | Textile | Textiles & Apparels | BSE: 500020 | NSE: BOMDYEING

18 Dec 2018 Evaluate

Bombay Dyeing & Manufacturing Company has given its consent by signing the Shareholder's Resolution of its subsidiary in Indonesia i.e. PT Five Star Textile Indonesia (PTFS) on December 17, 2018 for closure of the same.

PTFS was incurring losses for many years hence; this is in line with the strategic move to close this subsidiary.

Bombay Dyeing & Manufacturing Company is a holding company that is engaged in finishing of cotton and blended cotton textiles; manufacturing of bedding, quilts, pillows and sleeping bags; real estate activities, and manufacturing of polyester Staple Fiber (PSF).

Peers

Company Name	CMP
Vardhman Textiles	541.80
Welspun Living	227.05
Arvind	548.10
Raymond Lifestyle	674.00
K.P.R. Mill	1101.70
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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