Real Estate Mumbai
Mumbai Court Restores ₹952 Crore Vadraj Cement Property in IL&FS Case
The Mumbai Special Court (PMLA) has restored properties worth ₹952 crore of Vadraj Cement to Nuvoco Vistas Corporation Ltd., a subsidiary of the Nirma Group, following an investigation by the Enforcement Directorate (ED).
Real Estate Mumbai
PMLA Court Restores ₹952 Crore Property to Nuvoco Vistas Corporation Ltd
A special PMLA court in Mumbai has allowed the restoration of assets worth ₹952 crore, previously attached by the Enforcement Directorate (ED) in a money laundering case against IL&FS and its associated entities. The property, a Surat-based cement plant, will now be restored to Nuvoco Vistas Corporation Ltd.
Real Estate
Nuvoco Vistas Secures NCLT Approval for Vadraj Cement Acquisition
Nuvoco Vistas Corp., a prominent player in the construction materials sector, has secured approval from the National Company Law Tribunal (NCLT) to acquire Vadraj Cement. The phased investment will be spread over 15-18 months, solidifying Nuvoco's position in the Indian cement market.
real estate news
Nuvoco Vistas Corp Wins Bid for Vadraj Cement: A Strategic Move in the Real Estate Sector
Nuvoco Vistas Corp has secured a significant victory by emerging as the successful applicant for Vadraj Cement. This strategic acquisition is set to bolster Nuvoco's position in the real estate and construction industry.