Home / Knowledge / News / Apparel/Garments / Bombay Rayon selects BNY Mellon for GDR program
Bombay Rayon selects BNY Mellon for GDR program
Nov '09
BNY Mellon, the global leader in asset management and securities servicing, has been selected by Bombay Rayon Fashions Ltd. as depositary bank for its global depositary receipt program. Each Bombay Rayon GDR represents one equity share. Bombay Rayon has received in-principle approval for the listing of the GDRs on the Singapore Exchange Securities Trading Limited. Bombay Rayon's equity shares trade on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited under the symbol "BRFL."

Based in India, Bombay Rayon is a vertically integrated textile group engaged in the manufacture and export of quality designer fabrics and garments. Bombay Rayon is present across the value chain from fabric to garments and has a full range of facilities, including yarn dyeing, weaving, processing and garmenting. Bombay Rayon owns 32 manufacturing facilities, including one sampling unit, across the country.

"By offering investors the option to trade Bombay Rayon's shares in GDR form, we expect to attract new international investment to India's robust and growing manufacturers segment as well as enjoy increased liquidity in both markets," said A. R. Mundra, Bombay Rayon executive director of finance.

"India has the largest number of DR programs of any country in the world and BNY Mellon has helped bring many of these companies to the global market place," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business. "Our extensive experience working with Indian clients and our specialized market outreach services will enable us to support Bombay Rayon's efforts to expand its global profile."

Bombay Rayon Fashions Ltd

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search