Bombay Dyeing Buys Stake in Archway

IAS Prelims 2023

Bombay Dyeing & Manufacturing Company Ltd has acquired 4.32% of equity share capital (2,24,400 equity shares) of Archway Investment Company Limited (“Archway”) from minority shareholders.

By this acquisition, Archway has become wholly owned subsidiary of BDMC.

The promoters holding in the company stood at 53.67 % while Institutions and Non-Institutions held 12.95 % and 33.35 % respectively.