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Bombay Dyeing to sell its Ranjangaon unit for Rs 174.45 crores

In a step taken pursuant to the approval of the committee of the Board the company, Bombay Dyeing & Manufacturing Company has entered into an agreement for sale of MIDC Land & Building and some specific utility machineries of its Ranjangaon unit situated at Ranjangaon in Maharashtra, at an aggregate value of Rs 174.45 crores. The company has also entered into an agreement for sale of a company owned flat at Beach Towers, Prabhadevi, Mumbai at a value of Rs 9.4 crores. Bombay Dyeing & Manufacturing Company is a holding company that is engaged in finishing of cotton and blended cotton textiles; manufacturing of bedding, quilts, pillows and sleeping bags; real estate activities, and manufacturing of polyester Staple Fiber.