Wadia Group-owned Bombay Dyeing's board approved the proposal to sell a land parcel of 22 acres in Mumbai's Worli to Goisu Realty for ₹5,200 crore in one of Mumbai's largest land deals. Bombay Dyeing will use the money to repay debt and fund future projects. In August, the textile company reported its standalone Q1 net loss widened to ₹119.8 crore.