The Wadia group headed by Nusli Wadia, is reportedly selling an 18-acre-plot in central Bombay’s Worli to Japan’s Sumitomo conglomerate for Rs 5,200 crore (USD 625 million approximately), according to news reports. The deal is likely to be "one of the biggest land sale transactions” in the history of the city [Business Standard (BS), September 13, 2023]. The news report stated that Goisu, a subsidiary of Sumitomo, will pay for the acquisition in two phases: Rs 4,675 crore initially and Rs 525 crore on completion of certain conditions, quoting an announcement made by Bombay Dyeing and Manufacturing Company Limited (BD).
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