BRFL

Axis Bank Limited has submitted to the Exchange a copy of Announcement published on May 25, 2011 with respect to Open Offer to the equity shareholders of Bombay Rayon Fashions Limited (Target Company) by AAA United B.V. ("Acquirer") along with Aktieselskabet af 1/8 2004 ("PAC 1") and Ashwell Holding Company Private Limited ("PAC 2").

Bombay Rayon Fashions Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on April 07, 2011 has taken note of the letter received from the Manager to the offer alongwith the published copy (published on April 06, 2011) of the Public Announcement made by AAA United B.V ('Acquirer') alongwith the persons acting in concert to the equity shareholders of the Company.

Bombay Rayon Fashions Limited had informed the Exchange that "The Committee of Directors duly authorized by the Board, at their Meeting held on November 10, 2009 have decided that the issue of upto 1,90,00,000 Global Depository Receipts (GDRs) representing equivalent underlying equity shares, par value of Rs. 10, be opened for subscription to the persons resident outside India, on November 11, 2009, at an issue price of US $ 5.11 per GDR". The Company has now informed the Exchange that: "Today on November 12, 2009, on getting fully subscribed, the Company has decided to close the issue of Glob

Bombay Rayon Fashions Limited has informed the Exchange that "The Company is setting up the manufacturing units in the Integrated Textile Parks at Islampur & Latur for which concerned SPVs has received approvals from the Ministry of Textiles of Government of India sanctioning the Project under the Scheme for Integrated Textile Park (SITP) entitling to get subsidy of 40 % of total infrastructure cost for setting up the same by the SPVs".