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Tuesday, May 20, 2008

Bombay Dyeing likely to spin off realty

Textile major Bombay Dyeing is considering demerging its real estate business into a separate company, according to sources familiar with the situation.

The hiveoff will be followed by an initial public offering, sources said.

Company officials refused to comment, saying Ness Wadia alone can speak on this.

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GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 30
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06:30 TD-MI Inflation Gauge (MoM) 1 -0.4%
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07:00 Private Sector Credit (MoM) 1 0.7% 0.7%
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