Three global private equity (PE) firms are reportedly in talks to acquire around 24% stake jointly in the Wadia Group firm -- Bombay Dyeing and the deal could be valued at over Rs 500 crore. Currently, the promoters holding in the company stood at 52.29%, while institutions and non-institutions held 25.11% and 21.25% stake in the company, respectively.
The company is engaged in manufacturing wide range of cotton suitings, polyester cotton suitings, shoe lining and duck fabrics, satin furnishings, yarn dyed fabrics, towels, table tops and napkins, satin bed sets, etc. Textile manufacturing is main activity of Bombay Dyeing with 5 manufacturing facilities confirming to international standards.
