After KSS Petron, Royale Partners bids for Lavasa2 min read . Updated: 30 Jan 2019, 01:09 AM IST
- The firm has submitted an EOI for Lavasa and is being advised by Khaitan and Co.
- Delayed implementation of an approved joint lenders’ forum (JLF) financial restructuring plan resulted in the project remaining stalled for another 2.5 years
After bidding for engineering, procurement and construction (EPC) company KSS Petron Pvt. Ltd, Mauritius-based Royale Partners Investment Fund (RPMG Investment) has thrown its hat in the ring to acquire debt-laden Lavasa Corp. Ltd, a subsidiary of the BSE-listed Hindustan Construction Co. Ltd (HCC).
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more