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Bombay Dyeing to sell Worli land to Goisu Realty for ₹5,200 crore
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₹5,200 crore in one of Mumbai's largest land deals to repay debt and fund future projects. The company in an exchange filing said its board of directors Wednesday approved the proposal to sell the land parcel of about 22 acres (along with the associated FSI) in Worli in 2 phases, for a total consideration of about ₹5,200 crores, subject to approval of its shareholders.
“Upon the approval of shareholders, BDMC will receive about Rs. 4,675 crore from the buyer for Phase-I.
The balance amount of about Rs. 525 crore will be received upon completion of certain conditions by BDMC and execution & consummation of the definitive agreements thereto for Phase- II," the BDMC said.
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