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Bombay Dyeing soars on entering into agreement to sell Ranjangaon unit for Rs 174.45 crore

02 Jan 2017 Evaluate

Bombay Dyeing & Manufacturing Company is currently trading at Rs 49.10, up by 1.85 points or 3.92% from its previous closing of Rs. 47.25 on the BSE.

The scrip opened at Rs. 49.05 and has touched a high and low of Rs. 49.90 and Rs. 48.40 respectively. So far 168512 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 67.20 on 06-Jan-2016 and a 52 week low of Rs. 39.05 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 50.35 and Rs. 46.20 respectively. The current market cap of the company is Rs. 1005.82 crore.

The promoters holding in the company stood at 53.67%, while Institutions and Non-Institutions held 10.81% and 35.50% respectively.

Bombay Dyeing & Manufacturing Company has entered into an agreement on December 31, 2016 for sale of MIDC Land & Building and some specific utility machineries of Ranjangaon unit situated at Ranjangaon, District - Pune, Maharashtra, at an aggregate value of Rs 174.45 crore. This step has been taken pursuant to the approval of the Committee of the Board the Company.

The company has also entered into an agreement for sale of a company owned flat at Beach Towers, Prabhadevi, Mumbai at a value of Rs 9.4 crore.

Bombay Dyeing & Manufacturing Company is a holding company that is engaged in finishing of cotton and blended cotton textiles; manufacturing of bedding, quilts, pillows and sleeping bags; real estate activities, and manufacturing of polyester Staple Fiber (PSF).

Bombay Dyeing Mfg. Share Price

111.84 -3.00 (-2.61%)
24-Apr-2026 11:41 View Price Chart
Peers
Company Name CMP
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Arvind 381.80
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Page Industries 37800.00
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