K Raheja Corp buys Sobo Central for ₹476 cr under debt resolution scheme thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the countrys first mall, having opened in late 1990s in south Mumbai s Haji Ali locality.
Two individuals, including a former banker, have been arrested by the Economic Offences Wing (EOW) for their alleged involvement in a ₹3.7 crore loan fraud case. Read more about the case and the arrests.