India's Bombay Dyeing to sell land to Japan's Sumitomo for $627m

India's Bombay Dyeing to sell land to Japan's Sumitomo for $627m

Mumbai, India. Photo by Hardik Joshi on Unsplash.

India’s Bombay Dyeing and Manufacturing Co Ltd will sell a land parcel in Mumbai for about 52 billion rupees ($626.62 million) to a unit of Japan’s Sumitomo Realty and Development Co, the retail and textiles company said on Wednesday.