Bombay Dyeing hits 5% upper circuit as firm decides to close loss-making subsidiary
Stocks of Bombay Dyeing and Manufacturing Company were locked at 5 per cent upper circuit Tuesday after the company's board approved the closure of its loss-making Indonesian subsidiary.
![Bombay Dyeing hits 5% upper circuit as firm decides to close loss-making subsidiary Bombay Dyeing hits 5% upper circuit as firm decides to close loss-making subsidiary](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/12/19/65063-bombay-dyeing.jpg?itok=bP-FlYTU&c=6fd2e55691b4b9442acc1133ed3a637a)
The company's stock advanced as much as 4.97 per cent to Rs 115.10 on the BSE. Image Source: Official website