Bombay Dyeing & Manufacturing Company has received approval for entering into Share Purchase, Subscription and Shareholder’s Agreement along with the Power Purchase Agreement and Option Agreement (Transaction Documents) to acquire up to 26% equity stake in one or more tranches in AMP Energy C&I Twenty Seven (a wholly owned subsidiary of AMP Energy C & I), for setting up captive solar power project in Maharashtra.
Post-acquisition, AMP Energy C&I Twenty Seven, will become an associate of Bombay Dyeing and Manufacturing Company. The Board of Directors of the Company at its meeting held on May 6, 2024, has approved the same.
Bombay Dyeing & Manufacturing Company is the flagship company of the Wadia Group, engaged primarily in the business of Textiles.
Company Name | CMP |
---|---|
PDS | 419.85 |
Vardhman Textiles | 461.25 |
Arvind | 378.40 |
Welspun Living | 146.05 |
Alok Inds | 26.66 |
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