Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Adani Gets ₹400 Crore Foothold In Heart Of Delhi
Mail Today
|February 24, 2020
Wins bid for 3.4 acre housing property near Mandi House
-
Business conglomerate Adani group has won a bid to acquire Aditya Estates Pvt Ltd, which holds a posh 3.4-acre residential property near Mandi House in the heart of the national capital, through an insolvency process for a total deal value of Rs 400 crore.
The Delhi-based principal bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Adani Properties to acquire Aditya Estates for Rs 265 crore. Another Rs 135 crore would go towards meeting the statutory charges, taking the total deal value to Rs 400 crore. The Committee of Creditors (CoC) of Aditya Estates led by ICICI Bank had already approved by 93.01 percent vote share, Adani's Rs 400 crore offer, which includes an upfront payment of Rs 265 crore.
This story is from the February 24, 2020 edition of Mail Today.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mail Today
Mail Today
Why Pak New Map Is A Sham
Pakistan’s move comes exactly a year after India scrapped Art 370
2 mins
August 09, 2020
Mail Today
‘Forget Cash Reward'
Wrestler Divya’s father narrates humiliation he and his daughter faced for questioning Delhi CM Kejriwal
2 mins
August 09, 2020
Mail Today
BJP Sends Its 20 MLAs To Gujarat Ahead Of Trust Vote
The BJP has hit out at the Ashok Gehlot-led Congress government in Rajasthan claiming that moral and immoral means were being used in an attempt to induce BJP MLAs before the assembly session which convenes on August 14.
2 mins
August 09, 2020
Mail Today
Gamers In Delhi Easy Prey For Cybercon
Crooks make fake profiles to lure young addicts into buying gaming points, steal money with debit card & e-wallet details
4 mins
August 09, 2020
Mail Today
Men WHO Braved Odds To Save Lives
Kozhikode Plane Crash
2 mins
August 09, 2020
Mail Today
Pak Maintain Firm Grip
Bundle out England for 219 to open 127-run lead on Day 3
2 mins
August 08, 2020
Mail Today
Virus Wreaks Havoc In U.S. As 2,060 Die In Single Day
Europe remains the hardest-hit region globally with 200K deaths
2 mins
August 08, 2020
Mail Today
Why Chennai Fears Abeirut Redux
Presence of 740 tonnes of ammonium nitrate at Sattva freight station raises safety concerns
2 mins
August 08, 2020
Mail Today
Beirut's Accidental Cargo
An unscheduled stop to pick up extra cargo led to the disaster
3 mins
August 08, 2020
Mail Today
Gates Backs Poonawalla With $150 Mn War Chest
Virus vaccine to be rolled out in early 2021
2 mins
August 08, 2020
Translate
Change font size