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LAVASA BIDS
All Lavasa suitors raise offers in third round; Valor Estates leadsThe competition for Lavasa Corp intensifies as Valor Estates, Welspun-Ashdan combine, and Yogayatan Group raise their bids. Valor Estates l...- Yogayatan knocks on NCLT's doors over lenders' decision to allow revised bids for LavasaYogayatan Group has filed a petition with the NCLT, opposing the lenders' decision to allow revised resolution plans for Lavasa Corp after ...
- Lavasa set to go for rebids as creditors extend timelineCreditors of Lavasa Corporation are extending the resolution deadline after a late bid revision by Valor Estate. This decision allows all b...
- Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidderYogayatan Group has emerged as the highest bidder for the debt-laden Lavasa Corporation, increasing its bid to Rs 795 crore. This surpasses...
- Valor emerges as top bidder for Lavasa with ₹771-crore offerValor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with a ₹771.09 crore offer. This follows a frenz...
- India was ready to get a new hill station near Mumbai. But, it is now a ghost townLavasa, India's first planned private hill city near Pune, was envisioned as a European-style utopia with open promenades, waterfronts, and...
- Welspun bids the most for Lavasa Corporation; Lodha Developers, Jindal Steel and Power Group in fray, tooLavasa Corporation, India's first private hill town project, is up for sale again. Creditors aim to recover their dues. Six takeover bids h...
- NCLAT rejects Union Bank's plea to oppose Darwin Platform Group's bid for Lavasa CorpThe public sector lender contended for maximisation of the assets and submitted if a fresh process and fresh valuation were done, Lavasa Co...
- Two new bidders for LavasaTwo bids from Alchemist ARC president Srishti Dhir along with her brother Madhav Dhir and little known Darwin Projects are being considered...
- Bankers to make last-ditch attempt to get more cash from Lavasa's biddersThree bids were received for the stuck project until the deadline of November 20 including one from a Pune-based realty developer Anirudh D...
- Committee of Creditors to mull, finalize Lavasa takeover bids on MondayLast year a consortium led by Haldiram Snacks and two property developers, namely Pioneer Facor IT Infradevelopers and Sanar Property had e...
- NCLT allows consolidation of Lavasa Corporation’s subsidiaries for faster resolution“Any standalone resolution does not seem to be possible and would therefore defeat the objective of the code (Insolvency and Bankruptcy Cod...
- With no serious contenders, Lavasa extends deadline to bidIt has written off Rs 1,046 crore, or its entire exposure, to Lavasa Corporation.
- Govt to spend Rs 10,000 crore for last-mile connectivity: LavasaLavasa said the government has not tried to introduce new scheme, but focussed on those which gather momentum.
- Debt reduced to Rs 4000 cr from Rs 5000 cr since S4A implementation: Praveen Sood, HCCIn an exclusive interview to ET Now, Praveen Sood, Group CFO, HCC, said the company is in advance stages of restructuring Lavasa debt.
- Wage payout of Rs 56,000 crore not to upset April-August fiscal mathThe government had in July announced that it will pay its employees arrears arising out of implementation of the 7th Pay Commission award a...
- Government eases norms for UMPP in Odisha, Tamil Nadu to attract developers in a slowing economyThe government has asked bidders to include projects implemented by them over the past 7 years against 5 years specified earlier to qualify...
- Govt relaxes UMPP norms after companies opposeThe government has relaxed qualification norms for ultra mega power projects (UMPPs) and amended a clause that capped cost of coal in order...
- HCC: Delay in Lavasa IPO may increase debt burdenThe stock of Mumbai-based infrastructure firm, Hindustan Construction Company (HCC), has underperformed the ET construction index in the pa...
- Buy Hindustan Construction for target of 40% upside: PINCPINC Research has initiated 'buy' on Hindustan Construction with a one year target price of Rs 175, an upside of 40 per cent from current l...
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