Election Commissioner Ashok Lavasa’s son Abir and a firm linked to him have come on the radar of the Enforcement Directorate for alleged violations of forex regulations, officials said on Tuesday. They said the agency has filed a case under the Foreign Exchange Management Act to probe Abir Lavasa and about Rs 7.25 crore funds raised early this year by …
After bidding for engineering, procurement and construction company KSS Petron Pvt. Ltd, Mauritius-based Royale Partners Investment Fund has thrown its hat in the ring to acquire debt-laden Lavasa Corp. Ltd, a subsidiary of the BSE-listed Hindustan Construction Co. Ltd. Lavasa, the country’s first privately-developed city, around 180km from Mumbai, has started the corporate insolvency process under the insolvency and bankruptcy …
HCC approved a rights issue of up to Rs 500 crore to strengthen company’s financial profile and to refocus its efforts on its core construction and engineering business New Delhi: Hindustan Construction Company Ltd Thursday posted a loss of Rs 1,525.23 crore for the July-September quarter, hit by an exceptional loss of Rs 2,011.13 crore due to impairment charges related …
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