Consortium comprising Haldiram’s offers to buy entire Lavasa for Rs 2,046 crore: Report


    Nation Next Newsroom | Oct 31, 2019 18:20

    A consortium comprising of food giant Haldiram's, Pioneer Factor IT Infradevelopers and Sansar Property has offered to by 100% of Lavasa for Rs 2,046 crore.
    A Haldiram’s outlet in Nagpur

    As per a report, a consortium comprising of Nagpur-based food giant Haldiram’s, Pioneer Factor IT Infradevelopers and Sansar Property has offered to by 100% of Lavasa for Rs 2,046 crore. Two more offers made by Pune-based builder Aniruddha Deshpande and UV Asset Reconstruction Company are being evaluated by lenders of Lavasa Corporation.

    Lavasa, which is a private, planned city, is promoted by Hindustan Construction Company, which was dragged to the National Company Law Tribunal (NCLT) in August 2018 after it defaulted on loans worth Rs 4,150 crore.

    Interestingly, the consortium that includes Haldiram has previously helped revive companies such as Bakemans Industries, Kwality, and Temptation Foods.