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Bombay Dyeing & Manufacturing Company gets nod to raise Rs 940 crore on rights basis

24 Sep 2022 Evaluate

Bombay Dyeing & Manufacturing Company has received approval to raise funds through issuance and allotment of equity shares of face value of Rs 2 each (Equity Shares) for an aggregate amount of up to Rs 940 crore, on rights basis on such terms as may be decided by the Board of Directors or a duly constituted committee of the Board to the eligible equity shareholders of the Company. The Board of Directors of Company has, at its meeting held on September 22, 2022 considered and approved the same.

Bombay Dyeing & Manufacturing Company is the flagship company of the Wadia Group, engaged primarily in the business of Textiles.

Peers
Company Name CMP
Vardhman Textiles 550.55
Welspun Living 225.25
Arvind 548.10
Raymond Lifestyle 675.00
K.P.R. Mill 1101.65
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