As India’s largest consumer goods company picks up Horlicks, the biggest brand in the health food drinks sector, as part of a Rs 31,700 crore deal with GlaxoSmithKline, The Indian Express on whether Hindustan Unilever’s acquisition can help revive a flagging sector and make it “taller, stronger, sharper”
As first reported by The Indian Express, Robert Vadra’s Sky Light Hospitality Private Limited sold 69.55 hectares in two deals to Delhi-based Allegeny Finlease Pvt Ltd in January 2012 for Rs 5.15 crore — at Rs 7.41 lakh per hectare, seven times the purchase price of the same land two years ago.
On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.
RoC records show that Rao’s wife, M Sandhya, borrowed Rs 25 lakh from AMPL in the financial year ending March 2011. They show that between financial years ending 2012 and 2014, Sandhya gave loans amounting to Rs 1.14 crore to AMPL in three tranches.
Sources familiar with the discussions said the Department of Financial Services (DFS) is working closely with top officials in the Finance Ministry to prepare the plan, which is likely to be presented at the level of the PMO.