National Textile Corporation
A preliminary enquiry has been initiated by the Central Bureau of Investigation (CBI) against unidentified officials of the Textiles Ministry and National Textile Corporation (NTC) with regard to a Mumbai mill sale. The sale of the erstwhile Madhusudan Mills to a private person – Gowani Builder’s Kamlesh Mehta – has come under the CBI scanner [...] Continue Reading »
The country’s largest real estate developers, DLF has sold its 17.5-acre plot at Lower Parel in Mumbai to Lodha Developers for Rs 2,750 crore, making a profit of over Rs 2,000 crore over seven years. In June 2005, DLF had bought the land in Mumbai in an auction from National Textile Corporation for Rs 702.2 crore. [...] Continue Reading »
DLF, the country’s largest developer, is all set to sell its 17.5-acre land in Mumbai’s Lower Parel to Lodha Group and a private equity (PE) player for about Rs 2,800 crore. The company is in the process of selling several non-core assets including land parcels, SEZs and some office buildings, to reduce its debt. DLF [...] Continue Reading »
