Bombay Burmah Trading Corporation Limited has informed the Exchange regarding 'Sale of shares of Associate Company'.
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Awaiting price reaction for this filing.
Bombay Burmah Trading Corporation (BBTCL) has sold 56 lakh shares (2.71% stake) of its associate company Bombay Dyeing and Manufacturing Company Limited (BDMC) for approximately Rs. 84.56 crores. The buyer is Baymanco Investments Limited, a wholly owned step-down subsidiary of BBTCL, making this an inter-se transfer within the group executed through a block deal mechanism. The transaction was completed on 3rd June 2025. BDMC contributes 32.58% to BBTCL's consolidated net worth for FY25 but does not contribute to consolidated revenue or total income. Since the buyer is within the BBTCL group, the economic ownership of these BDMC shares remains within the same corporate family — this is essentially an internal restructuring, not an outright divestment to a third party.
Minimal direct impact on shareholders as the shares have been transferred to a wholly owned step-down subsidiary rather than an external party. The group's overall economic interest in BDMC is preserved; investors should view this as internal portfolio reshuffling rather than a value-unlocking event.