Welspun bids the most for Lavasa Corporation; Lodha Developers, Jindal Steel and Power Group in fray, too

Lavasa Corporation, India’s first private hill town project, is up for sale again. Creditors aim to recover their dues. Six takeover bids have been submitted, ranging from ₹500 crore to ₹850 crore. Welspun Group placed the highest bid. Other bidders include Ashdan, Pride Purple, Macrotech Developers, DB Corp subsidiary Valor, Jindal Steel and Power Group, and Yogayatan Group.

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