The Bombay Dyeing and Manufacturing Company Limited (BSE:500020) agreed to acquire Real Estate Business of Scal Services Limited on August 1, 2018. The consideration will be paid as 3 fully paid non-convertible, non-cumulative preference share for each share of the business. Completion is subject to approvals of National Company Law Tribunal, regulatory/statutory authorities, shareholders of The Bombay Dyeing and Manufacturing Company Limited. The transaction is unanimously approved by the Board of Directors of The Bombay Dyeing and Manufacturing Company and Scal Services Limited on August 1, 2018. Meeting of shareholders of The Bombay Dyeing and Manufacturing Company Limited will be held on January 3, 2019. The transaction is approved by the shareholders of The Bombay Dyeing and Manufacturing Company Limited. The transaction has been approved by Mumbai Bench of Hon'ble National Company Law Tribunal on February 21, 2019. Dalmia Securities Private Limited acted as fairness opinion provider for The Bombay Dyeing and Manufacturing Company Limited in the transaction.