Leading textiles producer Bombay Dyeing & Manufacturing Company has acquired 10,000 shares of Rs 10 each of White Horse Real Estate Company at face value, said the company in a disclosure to Bombay Stock exchange.
Consequently White Horse Real Estate Company has become a 100 per cent subsidiary of Bombay Dyeing.
A part of the Wadia Group, Bombay Dyeing is India’s leading producer and retailer of textile. It operates mainly through company-owned showrooms across India apart from franchise stores. Bombay Dyeing in India is a distribution chain consisting of 600 plus exclusive shops spread all over the country.
— Shailesh Shah