Bank of Baroda Tops Jet Airways BKC Auction
Jet Airways office space in Mumbai’s business district, Bandra-Kurla Complex, is up for auction. Last month, a government-appointed liquidator put an entire office floor owned by the defunct aviation company to auction at a reserve price of Rs 335.24 crore. As per the report in ET, Bank of Baroda has emerged as the top bidder with Rs 370 crore, beating other contenders.
Following the successful bidding process, the liquidator is now expected to notify Brookfield Asset Management, an alternative investment giant with the Right of First Refusal (ROFR, giving it a 15-day window to match the highest bid if it wishes to acquire the property.
Notably, in 2020, during Jet Airways’ insolvency…
