Bombay Dyeing spurts on fund raising plan

Bombay Dyeing and Manufacturing Company spurted 6.12% to Rs 106.70 after the company said its board on 22 September 2022 will consider a proposal of raising funds by issuing equity shares on rights basis.

Shares of Bombay Dyeing fell 4.65% in the past two trading sessions.

Bombay Dyeing offers linens, towels, home furnishings, leisure clothing, kids wear and a whole range of other products across 350+ exclusive Bombay Dyeing Retail or 2000+ multi-brand stores.

On a consolidated basis, Bombay Dyeing & Manufacturing Company reported net loss of Rs 76.82 crore in Q1 June 2022 as against net loss of Rs 107.91 crore in Q1 June 2021. Net sales rose 59.21% to Rs 606.37 crore in Q1 June 2022 over Q1 June 2021.

 

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