Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation, offering ₹771.09 crore. The selection followed a competitive bidding process with ten rounds, but the deal hinges on environmental clearances, a crucial factor for lenders wary of past experiences. The committee of creditors will negotiate further and decide on the next steps.
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Valor emerges as top bidder for Lavasa with ₹771-crore offer
