Photos: Bombay Dyeing selling Worli land for Rs 5,200 crore
Bombay Dyeing's Worli land parcel of about 22 acres will be sold to Goisu Realty Private Limited (a subsidiary of Sumitomo Realty & Development Company Limited) in 2 phases.
Bombay Dyeing
BDMC will receive about Rs 4,675 crore from the buyer for Phase-I.
Bombay Dyeing's worli land
The company issued a statement indicating that they will receive the balance amount of about Rs 525 crore once specific conditions are met by BDMC.
Bombay Dyeing selling Worli land
According to chariman Nusli Wadia, the company would be able to record a pre-tax profit in excess of Rs 4,300 crore on completion of the proposed transaction.
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