Bombay Dyeing To Sell Part Of Mumbai Land For Rs 5000 Crores To Japanese Conglomerate

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Bombay Dyeing to sell part of Mumbai land for Rs 5,000 crores to Japanese conglomerate

ri-calendar-2-lineJul 6, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

According to reports, Bombay Dyeing is in talks to sell a section of its land in Worli, Mumbai, for an estimated 5,000 crores. A well-known Japanese corporation is reportedly leading the race to acquire the land, which has a significant development potential of 2 million square feet for commercial reasons. Bombay Dyeing, a diversified business involved in textiles, polyester, and real estate, might solve its debt problems and further business goals thanks to the proposed sale of the site. The company recorded net debt of 3,456 crores as of the financial year ended March 2023 (FY23) on revenues of 2,674 crores.☝️

It experienced a loss of 517 crores over that time. Notably, the Wadia group owns a sizable 700-acre land portfolio spread over numerous businesses and charitable organisations in and around Mumbai. According to the magazine, a top official from Bombay Dyeing stressed that no decision has yet been taken about the proposed land sale.

Source: Media reports

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions