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October 13, 2000
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Reliance rules out buying Bombay Dyeing shares

Reliance Industries Ltd has ruled out any possibility of buying shares of Bombay Dyeing by them.

Reacting to several mediareports and queries from the media, Reliance spokesperson said, "Reliance has no interest whatsoever in buying shares of Bombay Dyeing. Reliance has evinced no interest, nor entertained and will not entertain any such proposal to consider purchase of shares of Bombay Dyeing. Bombay Dyeing is a valued customer of Reliance for paraxylene -- a critical raw material for manufacture of DMT.

UNI

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