Care raises concerns over Bombay Dyeing’s ability to service debt

May 17, 2023

Bombay Dyeing & Manufacturing’s ability to service its debt during fiscal years 2024 and 2025 has raised concerns, according to Care Ratings. Delays in raising Rs 940 crore through rights issues and asset monetisation have caused the issues. The Wadia group company has scheduled debt repayment of Rs 3597 crore between FY 24 and FY25 with scheduled payments of Rs 942 crore in FY24 and Rs 2655 crore in FY25.

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