New Delhi, July 23 -- Bombay Dyeing share price surged as much as 16 per cent in Wednesday's trading session after following reports that Jehangir Wadia had rejoined to assist in managing the family-run business.

On July 23, the small-cap stock Bombay Dyeing opened at Rs.167.51 apiece in early morning session, as compared to previous close of Rs.165.13 on Tuesday. At 2:15 pm, the stock touched an intraday high to Rs.189.15 on Wednesday.

According to Economic Times reports, Jeh Wadia, the younger son of Wadia Group chairman Nusli Wadia, has returned to the family business after a four-year break. He is focused on modernizing long-standing operations and exploring new growth opportunities. A key part of his strategy is to transition Bomba...