"I am still holding 14 per cent and will not sell until I get an attractive price," jute baron Bajoria told PTI here.

He was keeping in constant touch with Sebi to establish his claim that he had given timely information to the Calcutta Stock Exchange and the company as soon as he had crossed the prescribed five per cent limit.

"I will keep on talking with Sebi and cooperate with them. Sebi is in constant touch with me. Once the matter is cleared I will not let the management of Bombay Dyeing go scot free at the Company Law Board meeting," he said.

Bajoria, however, confirmed that he had not received any intimation from CLB about a date for hearing the matter. Apart from the 14 per cent equity shareholding in the company, he said he held over another five per cent through his associates, but those shares have not yet been transferred and was kept in Vyaj Badla account.

Bajoria, however, confirmed that he was regularly selling his holding in Ballarpur Industries Ltd. "I am selling BILT shares day-by-day," he said. It was reported that the Thapars of BILT had reached an agreement with Bajoria for relinquishing his stake in the company, but it was denied by the Thapars. Bajoria's recent statement also indicated a possible deal.

(PTI)