Bombay Dyeing Shares Zoom 20%, Hit 52-Week After Rs 5,200 Crore Worli Land Deal - News18
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Last Updated: September 14, 2023, 10:37 IST Bombay Dyeing's land sale decision impacts share prices. Shares of Bombay Dyeing Ltd. zoomed 20% after the company said that it will be monetising its 22 acre land; Know details Shares of Bombay Dyeing Ltd. zoomed 20 per cent on Thursday after the company said that it will be monetising its 22 acre land parcel in Worli to Goisu Realty Pvt. Ltd. The transaction will be done in two phases for a total consideration of Rs 5,200 crore. The first phase will see the company receiving Rs 4,675 crore, while the rest will be received upon completion of certain conditions as set out in the definitive agreements. The board of directors of the company approved the proposal to sell the land parcel of about 22 acres (along with the associated FSI) in Worli, Mumbai to Goisu Realty Private Limited (a subsidiary of Sumitomo Realty & Development Company Limited) in 2 phases, for a total consideration of about Rs 5,200 crore, subject to appro...