Hindustan Construction Company Ltd(CMP:Rs.52.55) has informed BSE that Bank of India(Rs.294.40) has invested Rs 150 Crore in Lavasa Corporation Ltd (LAVASA), a subsidiary of HCC (Hindustan ConstructionCompany Ltd) in the form of Convertible Debentures. Based on the above investment, the equity valuation of LAVASA gets reconfirmed at Rs 10,000 Crore. (Axis Bank Ltd had invested Rs 250 Crore at the same valuation). (thebullishtrends)
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