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In Brief
Thursday, 22 April 2021 16:19 Projects
Bengaluru based Prestige Estate has taken over a Mumbai housing project from the debt ridden Ariisto Developers resolving about INR 1650 crores of the total INR 2200 crores owed by Ariisto, as reported by The Times of India. The resolution plan as approved by the Committee of Creditors, is a hybrid plan where the stakeholders would be given upfront cash consideration of around INR 370 crores as well as a share of the commercial area of the project in the