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Lulu International acquires Hyderabad's Manjeera Mall for ₹318.42 crore after NCLT approval.
Lulu International Shopping Malls has acquired Manjeera Mall in Hyderabad's Kukatpally area after the National Company Law Tribunal (NCLT) approved its ₹318.42 crore resolution plan.
Manjeera Retail Holdings faced financial troubles, leading to a corporate insolvency resolution process.
Lulu International, already operating in Hyderabad, was the winning bidder and will now manage the mall.
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Lulu International adquiere el centro comercial Manjeera de Hyderabad por $318.42 crore después de la aprobación del NCLT.