CA Ronak Shah
CA Ronak Shah
June 12, 2025 at 07:10 AM
*BoB Emerges as Top Bidder for Jet Airways’ BKC Office Space* ✅ BoB Wins Bid Bank of Baroda has emerged as the highest bidder with a ₹370 crore offer for Jet Airways’ 83,000 sq ft office space in Godrej BKC, Mumbai, under the IBC auction. ✅ Brookfield’s ROFR Brookfield Asset Management, which holds the right of first refusal (ROFR), has 15 days to match BoB’s bid and is likely to exercise this right. ✅ Background & Valuation The office was listed with a reserve price of ₹335.24 crore. Brookfield already owns two other floors in the same building, purchased in 2020 for ₹490 crore. ✅ Legal & Sale Conditions The property was earlier sealed due to unpaid dues but was de-sealed by NCLT. It is being sold on an “as is where is” basis, with all costs to be borne by the buyer.

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