Bang Overseas acquires 99.99% stake in A. S. Raiment

Bang Overseas has acquired A. S. Raiment, a private limited company incorporated under the Companies Act, 1956, having its registered office at Visakhapatnam. The company has acquired 450,000 equity shares of Rs 10 constituting a stake of 99.99% in A. S. Raiment.

A. S. Raiment has a manufacturing unit at Visakhapatnam with a capacity of approximately 3.50 lakhs pieces per year.

Bang Overseas is one of the leading manufacturers and exporters of men's wear. It also deals in providing rare services like concept development, designing, manufacturing to logistic and marketing. Headquartered in Mumbai, the fast growing company was established in the year 1992.