Bank of India exits Omnitex Industries

Bank of India has exited Omnitex Industries (India) Ltd. According to bulk deal data on the BSE, BoI sold its entire stake of 1.60 lakh shares in the company at ₹15 a share. The shares were bought by its promoters - Ashok Methram Bhawnani and Gautam Dalmia. According to its website, Omnitex, having suffered in the past on account of floods, delayed insurance settlements and sequential losses, is in the process of reinventing itself.