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Bombay Dyeing buys additional 4.32 pc stake in Archway

Press Trust of India New Delhi

Last Updated : Sep 03 2016 | 9:13 PM IST

Bombay Dyeing and Manufacturing Company Ltd (BDMC)

today said it has bought

4.32 per cent

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share of Archway Investment Company for about Rs 13 crore.

Following the deal, Archway Investment Company has now become the wholly-owned subsidiary of BDMC.

BDMC, in a BSE filing said that it has "acquired 4.32 per cent of equity share capital (2,24,400 equity shares) of Archway Investment Company from minority shareholders".

BDMC was already holding 95.68 per cent of equity share capital of Archway.

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