Related Keywords: Bombay Dyeing & Manufacturing Co. Ltd., home furnishings, kids wear, leisure clothing, no impact on existing retail business, Oasis Procon Pvt. Ltd. divest textiles processing unit, offers linens, situated at Rajangaon, towels, Wadia group of textile firm
Wadia group’s textile firm Bombay Dyeing & Manufacturing Company Ltd (BDMC) has received approval from its board of directors at the meeting held on 25 May to sell/dispose off its textiles processing unit situated at Ranjangaon in Maharashtra, to Delhi based Oasis Procon, a textile manufacturer established in 2004 together with all specified tangible and intangible assets in relation the the undertaking (excluding its brand name and specific liabilities) for Rs 230 crore ($36.2 million), according to a stock market disclosure.
