Bombay Dyeing board approves land deal greater than m-cap, stock zooms 20%
Bombay Dyeing and Manufacturing Company’s share price rose 20% to a 52-week high of Rs 168.50 in its first trading session on September 14 after the company’s board accepted approved the sale of a 22-acre plot of land in Worli, Mumbai. The transaction’s value of Rs 5,200 crore is higher than Bombay Dyeing’s closing market …
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