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Bombay Dyeing shares rally over 9 pc after land deal; hit 52-week high in intra-day trade

Bombay Dyeing: Bombay Dyeing to sell 22 acres in Mumbai's Worli to Sumitomo Realty for Rs 5,200 cr

Bombay Dyeing & Manufacturing Company (BDMC), a subsidiary of the Wadia Group, has approved the sale of a 22-acre land parcel to a subsidiary of Japanese realty developer Sumitomo Realty & Development Company for a total of Rs 5,200 crores. The transaction will be completed in two phases, with the first tranche of Rs 4,675 crore and the balance of Rs 525 crore to be received upon meeting certain conditions.

Bombay Dyeing to sell 22-acre plot for Rs 5,200 cr to Sumitomo

One of the biggest land deals in Mumbai: Rs 5,200 cr for Bombay Dyeing's Worli asset

Japan s Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.

Bombay Dyeing to sell 22-acre plot for Rs 5,200 cr to Sumitomo