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Bombay Rayon acquires UK based DPJ Clothing
24 Feb '07
2 min read
Bombay Rayon Fashions Limited, leading manufacturer of fashion fabrics and garments, has acquired UK- based DPJ Clothing Limited at a consideration of £ 1.54 million ($2.90m). With this acquisition, DPJ Clothing Ltd. has become a foreign subsidiary of Bombay Rayon Fashions Limited.
This acquisition through the purchase of 420 Ordinary Shares (70% of total capital) in DPJ Clothing was approved by the Board of Directors of Bombay Rayon Fashions.
“With this acquisition, Bombay Rayon will be able to expand its customer base in the European region for its designer garments and also get the headway for outsourcing and distributing the other related products in that region.”, said Mr. Prashant Agarwal, MD, Bombay Rayon Fashions Limited.
Bombay Rayon Group established by Mr. Janardhan Agrawal in 1986 with a modest beginning in manufacturing of fashion fabrics at present is considered amongst India's leading manufacturers and exporters of fashion fabrics and garments with a State-of-the-art manufacturing facilities at New Mumbai, Silvassa, Sonale and Bangalore fully backed by the facilities of product development, design studio and efficient sampling infrastructure to provide the quality service to its customers in India and abroad.
DPJ Clothing Ltd is engaged in the business of wholesale marketing and distribution of clothing products and is incorporated under English Companies Act 1985 with place of business and Registered office at Birmingham.
This acquisition through the purchase of 420 Ordinary Shares (70% of total capital) in DPJ Clothing was approved by the Board of Directors of Bombay Rayon Fashions.
“With this acquisition, Bombay Rayon will be able to expand its customer base in the European region for its designer garments and also get the headway for outsourcing and distributing the other related products in that region.”, said Mr. Prashant Agarwal, MD, Bombay Rayon Fashions Limited.
Bombay Rayon Group established by Mr. Janardhan Agrawal in 1986 with a modest beginning in manufacturing of fashion fabrics at present is considered amongst India's leading manufacturers and exporters of fashion fabrics and garments with a State-of-the-art manufacturing facilities at New Mumbai, Silvassa, Sonale and Bangalore fully backed by the facilities of product development, design studio and efficient sampling infrastructure to provide the quality service to its customers in India and abroad.
DPJ Clothing Ltd is engaged in the business of wholesale marketing and distribution of clothing products and is incorporated under English Companies Act 1985 with place of business and Registered office at Birmingham.
Bombay Rayon Fashions Limited, India
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