Bombay Dyeing shares hit 52-week high on land parcel sale
The Wadia Group company plans to pay its debts by selling a 22-acre land parcel in Mumbai's Worli for ₹5,200 crore.
The Wadia Group company plans to pay its debts by selling a 22-acre land parcel in Mumbai's Worli for ₹5,200 crore.
Wadia-owned low-cost carrier files for insolvency amid delays in fund infusion
The stock rises 5.2% to touch an all-time high of ₹4,596.65 on the BSE after it reported 152% YoY growth in consolidated net profit to ₹932.4 crore in Q3 FY23.
As the Wadia family rift widens, Go First (Go Air) gets the septuagenarian to guide it through turbulence.
Company continues to be professionally managed with the Board providing necessary guidance; airline has shown healthy growth across key performance indicators, IPO on track: Go Airlines India.
The tussle between Nusli and Jeh Wadia can further blunt the group’s competitive edge.
The low-cost carrier received an influx of fresh capital from the Wadia family to meet expenses, albeit the bitter aftertaste of Jehangir Wadia’s controversial exit is still palpable.