Orbit To Monetise Mumbai Assets?
  • Prabha Hedge
  • Feb 19 2014

February 19: Burdened with high debt and unable to repay loans, Mumbai based developer Orbit Corporation is in advanced stages to monetise its assets in Mumbai. Bloomberg TV India has learnt that the beleaguered developer is planning to raise over Rs.300 crore via distress sale of its assets. Prerna Baruah shares a detailed report on the same.