Bombay Dyeing to sell 22 acres of land in Worli for Rs 5,200 crore to Sumitomo Group arm

The Bombay Dyeing and Manufacturing Company Limited (BDMC), on September 13, announced that its board of directors has approved a proposal to sell a land parcel of about 22 acres (along with the associated Floor Space Index, or FSI) in the Worli area of Mumbai to Goisu Realty Private Limited, a subsidiary of Sumitomo Realty & Development Company Limited of Japan, in two phases, for a total consideration of about Rs 5,200 crore.

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