India's Bombay Dyeing rises on Worli land sale

Bombay Dyeing And Mfg

17/10/2023 05:49

** Shares of Bombay Dyeing and Manufacturing  BDYN.NS  rise
as much as 5.7% to 160.4 rupees
    ** Co on Monday said it sold a plot in Worli, Maharashtra to
Sumimoto Realty and Development's unit Goisu Realty for 46.75
bln rupees ($561.7 mln)
    ** Adds proceeds will be used for repaying loans and the
balance invested in approved securities for future developments
    ** Stock last up 2.8%, taking YTD gain to 96.8%

($1 = 83.2275 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))