BOMDYEING

Nov 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO LTD - PATALGANGA PLANT TO SHUT DOWN FOR MAINTENANCE FROM NOV 28 TO DEC 18

• BOMBAY DYEING AND MFG CO LTD - PRODUCTION SHORTFALL OF ABOUT 7500 METRIC TONS EXPECTED

Source text: ID:nNSE4yrSFC

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Nov 6 (Reuters) - Bombay Dyeing and Mfg Co BDYN.NS:

• SEPT-QUARTER CONSOL NET PROFIT 19.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE 3.63 BILLION RUPEES

Source text: ID:nBSErpcpW

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Aug 19 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• RECEIVES ORDER FROM MAHARASHTRA STATE TAX TRIBUNAL

• TRIBUNAL ANNULS 39.1 MILLION RUPEES DEMAND FOR FY 2017-18

Source text: ID:nBSE3qWqKr

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** Shares of Bombay Dyeing and Manufacturing Co BDYN.NS falls 4.8% to 126.3 rupees; set for worst day in about a month

** Polyester maker's Q4 profit tumbles 82.6% Y/Y, dragged down by lower polyester segment revenue; rev down 5.7%

** BDYN trades below key 50-, 100-, 200- day moving avgs, indicating a bearish momentum

** Stock down 33% YTD

(Reporting by Aleef Jahan in Bengaluru)

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May 5 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL NET PROFIT 115.4 MILLION RUPEES

• BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES

• BOMBAY DYEING AND MFG CO LTD - DIVIDEND 1.20 RUPEES PER SHARE

Source text: ID:nBSE90XQ2Q

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Feb 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO LTD - GST DEPARTMENT INITIATES ACTION AT BOMBAY DYEING REGISTERED OFFICE

• BOMBAY DYEING AND MFG CO LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES AT THIS STAGE

Source text: ID:nNSE4pqJQH

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Feb 3 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• DEC-QUARTER CONSOL NET PROFIT 700.6 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.15 BILLION RUPEES

Source text: [ID:]

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Nov 12 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET PROFIT 3.93 BILLION RUPEES

• BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.81 BILLION RUPEES

Source text: [ID:]

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May 1 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• GETS TAX DEMAND OF 1.32 BILLION RUPEES

Source text for Eikon: ID:nBSEbnZwfc

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April 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• GETS TAX ORDER FOR DEMAND AT 9.6 MILLION RUPEES

Source text for Eikon: ID:nBSE1k7fTV

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Feb 8 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• DEC-QUARTER CONSOL NET PROFIT 30.54 BILLION RUPEES VERSUS LOSS 1.01 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.69 BILLION RUPEES VERSUS 6.52 BILLION RUPEES

Source text for Eikon: ID:nBSELx6pQ

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Nov 2 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• INDIA'S BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET LOSS 519.9 MILLION RUPEES VERSUS LOSS 930.2 MILLION RUPEES

• BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.41 BILLION RUPEES VERSUS 7.45 BILLION RUPEES

Source text for Eikon: [ID:]

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Oct 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• GDR PROGRAM OF CO IS TERMINATED AND GDRS HAVE BEEN DELISTED FROM LUXEMBOURG STOCK EXCHANGE

Source text for Eikon: ID:nNSEbj79wt

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** Shares of Bombay Dyeing and Manufacturing BDYN.NS rise as much as 5.7% to 160.4 rupees

** Co on Monday said it sold a plot in Worli, Maharashtra to Sumimoto Realty and Development's unit Goisu Realty for 46.75 bln rupees ($561.7 mln)

** Adds proceeds will be used for repaying loans and the balance invested in approved securities for future developments

** Stock last up 2.8%, taking YTD gain to 96.8%

($1 = 83.2275 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Adds analyst commentary in paragraphs 7 and 8

BENGALURU, Sept 14 (Reuters) - Shares of realty-to-textile firm Bombay Dyeing and Manufacturing BDYN.NS jumped as much as 20% on Thursday on a $627 million deal to sell land, pushing up the stocks of peers on hopes of a pickup in the realty market.

The sale of the 22-acre plot in Mumbai to a unit of Japan's Sumitomo Realty and Development Co 8830.T would help the company become debt-free, it said, and comes as parent Wadia Group faces troubles with its Go First airline filing for bankruptcy in May.

Bombay Dyeing's stock hit its highest level since Sept. 27, 2018.

The deal, announced on Wednesday, signals investor optimism, while the location of the land parcel presents immense development prospects, said Shishir Baijal, chairman and managing director of Knight Frank India.

Shares of peers Godrej Properties GODR.NS, Indiabulls Real Estate INRL.NS and Oberoi Realty OEBO.NS are up between 1.6% and 2.6%, driving the Nifty Realty index .NIFTYREAL up 1.6%.

Anarock Group Chairman Anuj Puri attributed the rise in realty stocks to subsiding inflation in India, likely due to a prolonged rate pause by the Reserve Bank of India (RBI) and improved sales momentum due to the upcoming festive season.

"The present inflation figures suggest that the RBI is likely to maintain its current interest rate stance, a factor that is reflected in the strong performance of listed developers," Puri said.

U.S. data showing a moderate increase in consumer prices in August also aided sentiment, cementing expectations that the Federal Reserve will leave interest rates unchanged in September.

The sale will help Bombay Dyeing record a pre-tax profit of more than 43 billion rupees ($518.24 million) and help "extinguish all its borrowings," the Mumbai-based company said.

Bombay Dyeing shares were last up 15.9%. The stock has more than doubled so far this year, compared to a nearly 37% climb in the Nifty Realty index.

($1 = 82.9725 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Mrigank Dhaniwala, Janane Venkatraman and Sonia Cheema)

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Sept 13 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• APPROVED TO SELL LAND PARCEL IN WORLI, MUMBAI TO GOISU REALTY FOR ABOUT 52 BILLION RUPEES

Source text for Eikon: ID:nNSE1Tyn4M

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** Shares of textiles maker and real estate developer Bombay Dyeing and Manufacturing Company BDYN.NS rise as much as 7.80% to 146.45 rupees, marking sharpest intraday pct gain in two weeks

** BDYN stock hits highest level since April 4, 2019

** BDYN on Monday said it settled a dispute with Axis Bank and executed a conveyance deed in favour of the bank

** Deed will enable independent, exclusive access to Axis Bank's headquarters, for an approximate sum of 1.49 billion rupees ($17.99 million)

** More than 3.2 mln shares change hands by 10:00 a.m. IST, 0.8x the 30-day avg

** Stock up 71.42% so far this year, as of last close

($1 = 82.8325 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

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Sept 4 (Reuters) - Axis Bank Ltd AXBK.NS:

• CO AND AXIS BANK LIMITED HAVE BEEN ENGAGED IN CERTAIN DISPUTES/ARBITRATION

• PARTIES HAVE SETTLED THEIR DISPUTE AND CO HAS ALSO EXECUTED A CONVEYANCE DEED IN FAVOUR OF AXIS BANK

• CONVEYANCE DEED TO ENABLE INDEPENDENT AND EXCLUSIVE ACCESS TO AXIS BANK’S HEADQUARTERS, FOR SUM UPTO 1.49 BILLION RUPEES

Source text for Eikon: ID:nNSE5KKJcq

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Aug 9 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• INDIA'S BOMBAY DYEING AND MFG CO JUNE-QUARTER CONSOL NET LOSS 1.2 BILLION RUPEES VERSUS LOSS 768.2 MILLION RUPEES

• BOMBAY DYEING & MFG CO JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.98 BILLION RUPEES VERSUS 6.06 BILLION RUPEES

• TERMINATION OF DEPOSIT AGREEMENT WITH CITIBANK N.A.

• TERMINATION OF DEPOSIT AGREEMENT FOR CO’S GLOBAL DEPOSITORY RECEIPTS, DELISTING OF GDRS FROM LUXEMBOURG STOCK EXCHANGE

Source text for Eikon: ID:nBSE6RykQT

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** Shares of Bombay Dyeing and Manufacturing Co Ltd BDYN.NS down 2.3%, falling for 4th session in a row

** Real-estate developer and textile maker posted a Q4 loss of 2.46 bln rupees ($30.12 mln) vs 417.4 mln rupees a yr ago

** Wadia Group-owned company's revenue grew 12.1% but expenses grew 41%

** The 4-day slide comes after the stock rallied 74% since hitting a two-year low in March 28

** That rally has helped the stock to still remain ~6% higher for the year

(Reporting by Biplob Kumar Das in Bengaluru)

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May 04 (Reuters) - India's Bombay Dyeing and Manufacturing Company Ltd BDYN.NS reported a bigger March-quarter net loss on Thursday, as increasing costs continued to hurt the retail and textiles company.

The Mumbai-based company's consolidated net loss widened to 2.46 billion rupees ($30.08 million) for the three months ended March 31, from a loss of 417.4 million rupees a year earlier.

This is the 12th quarter in a row that the Wadia Group-owned company has posted a loss, as spiralling costs have cut into margins.

Total expenses in the reported quarter surged 41% to 9.1 billion rupees, with changes in inventories of finished goods, stock-in-trade and work-in-progress jumping more than 300%, the company said.

Profit at its mainstay polyester segment decreased 45.4%, while the real estate segment swung to a loss of 967.2 million rupees.

Revenue from operations for the company increased 12.1% to 6.7 billion rupees.

Shares of the company dropped 5.8% since fellow Wadia Group-owned Go First airlines filed for bankruptcy on Tuesday.

It closed 2.3% down after posting results on Thursday.

($1 = 81.7690 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

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Repeats story first published 3rd May 23, headline update TEST

By Tanvi Mehta, Chris Thomas, Dhanya Skariachan

BENGALURU, May 3 (Reuters) - Go Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline's chief executive told Reuters in an interview on Wednesday.

His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet.

The insolvency proceedings were aimed at reviving the airline and not selling it, CEO Kaushik Khona said, confirming it had made all required payments to Pratt & Whitney.

The airline was also looking to dissuade lessors from taking action.

“The Indian government is very keen we should not fail,” Khona told Reuters.

The company, which is “continuously evaluating options”, said some parties have expressed interest in the airline. It did not share further details.

Go First’s lenders will most likely meet on Wednesday to discuss what to do next after the bankruptcy filing on Tuesday, two bankers aware of the development told Reuters.

The airline owed financial creditors 65.21 billion Indian rupees ($797 million), its bankruptcy filing showed. As of April 30, Go First had not defaulted on any of those loans, it said in the filing seen by Reuters.

BOON FOR RIVALS

Go First's bankruptcy may boost airfares in India and give other domestic airlines a chance to grab a larger chunk of the market share, analysts said.

Share prices of India's largest airline, IndiGo INGL.NS, were up 5.1% on Wednesday, after rising as much as 8.2% earlier.

"If the suspension is prolonged, other airlines that are adding capacity would look to avail the slots vacated by Go First and grab onto the market share," Jefferies analyst Prateek Kumar said in a client note.

"Indigo is facing a similar problem with P&W engines for some of its fleet but has been able to better maneuver the crisis owing to its much larger fleet size and better negotiations with the vendor," Kumar added.

Lessors may also be eager to allocate some Go First aircraft to IndiGo, given a similar fleet type, Credit Suisse analysts wrote in a note, adding that such a development would benefit IndiGo in terms of market share and stronger yields in a capacity-strained environment.

Lenders to Go First, including Central Bank of India CBI.NS, Bank of Baroda BOB.NS, IDBI Bank IDBI.NS and Axis Bank AXBK.NS, fell on Wednesday. Go First owes creditors 65.21 billion rupees ($798 million), its bankruptcy filing showed.

The Wadia Group also runs bread and biscuits maker Britannia Industries BRIT.NS and textile firm Bombay Dyeing and Manufacturing Co BDYN.NS. Share prices of Bombay Burmah Trading BBRM.NS, which is also owned by Wadia and has given loans to Go First in the form of inter-corporate deposits, slid 5%.

($1 = 81.8450 Indian rupees)

(Reporting by Tanvi Mehta, Chris Thomas and Dhanya Skariachan in Bengaluru; Additional reporting by Siddhi Nayak in Mumbai; Editing by Dhanya Ann Thoppil, Savio D'Souza and Gerry Doyle)

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