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Bajoria dismisses reports of stake sale in Bombay Dyeing 

PRESS TRUST OF INDIA  
Calcutta, Oct 23: Jute baron Arun Bajoria, is preparing to take on Nusli Wadia at the Company Law Board meeting soon, after having skipped answering the Securities and Exchange Board of India's query about the shares he and his associates held in Bombay Dyeing.

Bajoria told PTI here the date of the CLB meeting for him to give details of his holdings in Bombay Dyeing was not known to him and he would be informed by the Board, "I am also exploring legal options against Bombay Dyeing for irregularities, if any, was committed."

He would send his replies to Sebi on their queries today, Bajoria said, though the deadline had expired on Friday. "I could not file my replies in time." Bajoria, however, reiterated that he had no intention of making a public offer to acquire Bombay Dyeing. "There is no point in making a public offer to increase my stake by another 20 per cent, as even then I will still not get management control. ``Though I am not prepared to make a public offer at present, if Nusli Wadia is willing to offer management control, I can put all my resources together,'' Bajoria said.

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