Home / Knowledge / News / Textiles / Bombay Rayon to buy stake in Indore based textile company
Bombay Rayon to buy stake in Indore based textile company
27
Oct '10
Bombay Rayon Fashions Ltd announced that the Board of Directors of the Company at its meeting held on October 27, 2010, has approved the acquisition of equity shares and Optionally Convertible Debentures (OCDs) along with underlying securities from the existing investors and OCD holders, constituting in the aggregate 70.56% equity stake in Indore based Textile Company STI India Ltd (STI), a Company listed on Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd for the total consideration of Rs. 70 crores.

The said acquisition of equity shares has triggered an open offer pursuant to SEBI Takeover Regulations to the existing shareholders of the Company.

Bombay Rayon manufactures one of the most versatile and technically advanced fabrics and apparels in India. Presently, we are the largest shirt manufacturer in India. Our fabric manufacturing facilities are 50 million metres per annum. Our garment manufacturing facilities are 35 million pieces per annum. BRFL currently employs over 32,000 people.

STI India Limited is committed to remain as a world class producer of 100% Cotton Yarn & Knitted Fabric with consistent quality and timely delivery to meet customer needs and expectations, to achieve a niche and nonetheless an edge over global competition. To achieve these corporate objectives and sustain them, the management minutely identifies and provides all the much needed resources including human resources to help create an environment conducive to team work and quality standards that are ultimate.

Bombay Rayon Fashions Ltd

Must ReadView All

Textiles | On 23rd Feb 2017

Incentives would spur jobs: New ASSOCHAM president

Further incentives for investment into manufacturing, IT,...

Information Technology | On 23rd Feb 2017

Lectra unveils supply chain programme for fashion industry

Lectra, the world leader in integrated technology solutions dedicated ...

Textiles | On 23rd Feb 2017

Gujarat govt announces Rs 1,000 cr package for MSMEs

In its state budget for 2017-18, the Gujarat government has announced ...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search