Britannia 51%, Bel 49% of Britannia Dairy; announced 29 November 2022 22
Worli land sale
2023
22 acres sold to Goisu Realty, a Sumitomo Realty unit, for ₹5,200 crore 5
Dunsandle tea estate
FY26
Bombay Burmah booked an ₹87.69 crore gain on the sale 24
Britannia
The group's most important deal was winning Britannia. After entering in 1993, it spent years in a dispute with Danone, which was settled in 2009 21. That year Leila Lands bought Danone's stakes in Britannia Brands and ABI Holdings, taking the group's indirect holding in Britannia from 24.48% to 50.96% 10.
Britannia's own deals
Britannia has expanded abroad and into dairy. CRISIL lists subsidiaries including Kenafric (51%), Al Sallan in Oman (65.46%), Britchip (60%), Ganges Valley (98.87%) and Strategic Foods International (100%) 9. Its cheese joint venture with Bel was announced in November 2022, with Bel taking 49% of Britannia Dairy 22.
The Worli sale
On 13 September 2023 Bombay Dyeing agreed to sell 22 acres in Worli to Goisu Realty, a subsidiary of Japan's Sumitomo Realty, for ₹5,200 crore, paid in two parts of ₹4,675 crore and ₹525 crore 5.
Dropped plans
In May 2026 Bombay Dyeing's board dropped a planned rights issue 23. The sources reviewed show no large outside acquisitions by the group since the Worli sale.
Frequently asked questions
₹5,200 crore, from a Sumitomo Realty subsidiary, under a September 2023 agreement.
In 2009, through Bombay Burmah's subsidiary Leila Lands.
