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Open offer for Bombay Rayon

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  • Published On: March 31, 2009
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Commenting on Netherlands firm AAA United BV making an open offer to Bombay Rayon shareholders, Bombay Rayon Fashions' MD Prashant Agarwal said, "It is a strategic investment into the company and we'll be still in complete control of the management. In terms of strategy it will help as it is a leading European company."
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