ONE OF CITY'S BIGGEST LAND DEALS: Bombay Dyeing sells its Mumbai plot for ₹5.2K cr
Business Standard|September 14, 2023
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for ₹5,200 crore, the Wadias-run company said on Wednesday.
ONE OF CITY'S BIGGEST LAND DEALS: Bombay Dyeing sells its Mumbai plot for ₹5.2K cr

The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.

Sumitomo's subsidiary Goisu will be paying for the acquisition in two phases, which will include ₹4,675 crore initially and ₹525 crore later on completion of certain conditions, according to an announcement made by Bombay Dyeing to the exchanges.

This story is from the September 14, 2023 edition of Business Standard.

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This story is from the September 14, 2023 edition of Business Standard.

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