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I am a seller at Rs 100 per share: Arun Bajoria

Jayanta Mallick

KOLKATA, June 12

MR Arun Bajoria, the jute baron, will seriously consider selling his Bombay Dyeing shares in response to the buyback move if the price offered is at least Rs 100 per Rs 10 scrip. Currently, the scrip is quoting at Rs 40-41.

Mr Bajoria responded thus when Business Line asked him if he would offer his holding when Bombay Dyeing came to the market with its buyback offer.

His holding, as of now, is about 4.5 per cent of Bombay Dyeing's paid-up equity, down from the peak of 14.5 per cent he had in mid-2000.

Mr Bajoria said he had been liquidating his holding over a period and added: "I am inclined to believe that Mr Nusli Wadia, the Bombay Dyeing supremo, was the buyer of those shares. And, now under the buyback umbrella, he would seek to give that acquisit ion an official stamp." He claimed he had sold the shares at an average price of Rs 92-93 each.