Filatex India Limited
Bank of India Mutual Fund added over 0.33% of Filatex India Limited and now holds 1.33%, or 59,12,914 shares. The stake was added in the context of a rights issue.
A manufacturer and trader of synthetic yarns and textiles, Filatex India produces polyester chips, narrow fabrics, and related synthetic fiber products for diverse industrial applications. The company operates across the value chain, from raw material processing to finished textile products. Based in India, it serves both domestic and international markets with a comprehensive focus on synthetic fiber-based solutions and specialized textiles.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.