Shares of Bombay Dyeing sold for Rs 12 crore

Chairman of Bombay Dyeing and Manufacturing Company, Mr. Nusli Wadia auctioned 1.9 million shares of his textile company for more than Rs 12 crore by means of an open business sector exchange. Bomaby Dyeing managed to not to disclose the purchaser’s identity.

Wadia sold exact 1,926,770 shares of Bombay Dyeing according to the stock exchange’s bulk data. Normal estimation of every offer was Rs 63.87 during the sale which cooperatively made the exchange esteemed up to Rs 12.30 crore.

Then again, Merrill Lynch Capital Markets Espana sold 1.54 million shares of India Cements. These shares were offloaded in the business sector at the rate of Rs 72.61, valuing the transaction at Rs 11.18 crore altogether.

India Cements’ shares grew by 3.36 % to close at the rate of Rs 72.75 where shares of Bombay Dyeing went up to 4.38%, making the expense per offer Rs 64.40 on Bombay Stock Exchange.

The Bombay Dyeing & Mfg. Co. Ltd. set up in 1879 under the lead of Wadia Group who majorly deals in textiles. Bombay Dyeing is amongst India’s biggest textile producers. Bombay Dyeing figured out how to make a spot in rundown of Business India Super 100 two decades back. It additionally positioned 300 in ET’s main 500 rundown. Bombay Dyeing offers the mixed bag of Bathing, home furnishing and bed. It has a chain of more than 350 Bombay Dyeing stores and more than 2000 Multi brand stores all over India.

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