🟢 At a Glance

• 📦 BBTCL has offloaded its entire 0.85% stake in The Bombay Dyeing & Manufacturing Company Ltd. (BDMC)
• 📈 Sale Value: ₹28.27 crore
• 🎯 Purpose: Not clearly stated, but likely strategic — maybe to prune non-core holdings
• 💼 Buyer: Unnamed — likely institutional

TL;DR: They’ve exited a legacy cousin with ₹28 crore in the pocket. Not a party, but not a panic either.

📖 What’s the Relationship?

BBTCL and BDMC are Wadia Group siblings — you know, the kind of relatives that show up at AGMs more often than weddings.

So this divestment isn’t just financial — it’s a signal. Either:

1. BBTCL is cleaning house
2. Wadia fam is redrawing loyalties
3. Someone needed cash for a holiday villa in Alibaug (ok, maybe not)

📊 The Maths Behind the Move

• 🔹 Shares Sold: 16,82,474
• 🔹 Avg Price/Share: ₹168
• 💰 Total Consideration: ₹28.27 crore
• 🧾 Impact on Holding: 0.85% to 0%

🧠 EduInvesting Take

“When a holding company trims family silver, it’s either because it found gold elsewhere — or it’s buying biscuits.”

In BBTCL’s case, this is likely a cash unlock move, not a confidence crisis. BDMC has been restructuring, and BBTCL might simply be shifting focus to more liquid or strategic investments.

BBTCL’s own stock is… confusing. A quasi-holding company for Britannia, with plantation assets, a confusing balance sheet, and random surprises every few quarters.

This move fits that vibe: small money, big questions.

💰 BBTCL Financial Snapshot (FY24)

💸 FV Estimate (for the curious)

Let’s just value it like a holding company:

• Holdings in Britannia alone worth ₹37,000+ Cr
• Apply 70% holdco discount ⇒ ₹11,000 Cr
• Add plantation ops, real estate ⇒ ₹13,000–₹15,000 Cr

🎯 FV Range: ₹2,800 – ₹3,400 (per share)

(CMP skipped, naturally.)

🚩 Risks & Rumours

• Corporate structure is a maze
• Related-party deals galore
• Sudden stake sales raise questions on group-level cash shuffling
• BBTCL always looks undervalued — until you realize why

🎓 Final Edu Scorecard