Dainik Bhaskar top bidder for Super Bazar
23 Jul 2007
A consortium led by the media group Dainik Bhaskar has made a Rs325- crore offer for reviving the Super Bazar in New Delhi. This makes the consortium the highest bidder for the ailing shopping cooperative.
On 12 July the Supreme Court had ordered the official liquidator and Central Registrar of Cooperative Society for inviting fresh bids within four weeks of its order.
The National Cooperative Consumer Federation of India along with Kishore Biyani''s Pantaloon Retail had made a Rs250 crore offer.
After
Reliance Industry withdrew its offer to infuse Rs288 crore in Super Bazar withdrew,
a consortium of Indian Potash and Indian Labour Cooperative made a failed Rs265-crore
bid.