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Examples
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Lavasa, which is a subsidiary of Hindustan Construction Company Ltd, has said the investment will come through convertible debentures.
VCCircle News 2010
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He said Hindustan Construction is hopeful of offloading a part of its stake in Lavasa once the capital markets improve enough for the unit to go in for an initial public offering.
Hindustan Construction Plans Partial Stake Sale in Some Projects Prasenjit Bhattacharya 2012
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Mr. Andrews said Lavasa doesn't expect the penalty to raise costs too much and that it is also willing to spend 5% of the cost on community work.
Lavasa Expects Environmental Clearance Soon Anirban Chowdhury 2011
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He said Lavasa would take a relook at its plan on an initial public offering once the project gets environmental clearance.
Lavasa Expects Environmental Clearance Soon Anirban Chowdhury 2011
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NEW DELHI - India's Ministry of Environment & Forests Wednesday cleared the first phase of Hindustan Construction Co Ltd.'s Lavasa hill town project near Mumbai, but with several riders attached to minimize ecological damage that the construction and digging might cause.
India Environment Ministry Clears First Phase of Lavasa Township Project Prasenjit Bhattacharya of Dow Jones Newswires 2011
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Hindustan Construction, which had 43.47 billion rupees of gross debt as of Dec. 31, has been faced with a double whammy over the past several months, as an economic slowdown hurt orders and the environment ministry shut down construction at unit Lavasa Corp.'s hill-town project near Mumbai.
Hindustan Construction Plans Partial Stake Sale in Some Projects Prasenjit Bhattacharya 2012
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"We expect Lavasa to generate its own funds, through sale of assets and raising debt," Mr. Sood added.
Hindustan Construction Plans Partial Stake Sale in Some Projects Prasenjit Bhattacharya 2012
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Lavasa, near Pune in Maharashtra, was an example of a new city but its development has run into problems.
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He said it doesn't plan to invest any further in the Lavasa hill-town project, in which it holds a 65% stake and where construction has resumed over the past few months.
Hindustan Construction Plans Partial Stake Sale in Some Projects Prasenjit Bhattacharya 2012
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The Lavasa e-city project is stalled as the environment ministry is examining the encroachments.
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