{"id":270637,"date":"2019-04-23T05:48:39","date_gmt":"2019-04-23T05:48:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270637"},"modified":"2019-04-23T06:03:24","modified_gmt":"2019-04-23T06:03:24","slug":"jnpt-hikes-bid-for-air-india-tower-to-rs-1300-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jnpt-hikes-bid-for-air-india-tower-to-rs-1300-cr\/","title":{"rendered":"JNPT hikes bid for Air India tower to Rs. 1,300 cr"},"content":{"rendered":"<p>State-owned Jawaharlal Nehru Port Trust (JNPT), India\u2019s biggest container gateway, has raised its offer price to over Rs. 1,300 crore to buy debt-ridden Air India\u2019s iconic 23-storey tower at Mumbai\u2019s Nariman Point.<\/p>\n<p>JNPT\u2019s initial bid of about Rs. 1,200 crore was higher than the one quoted by state-run Life Insurance Corporation of India (LIC), the only other bidder to participate in the auction, but was below the reserve price set by the cash-strapped national carrier.<\/p>\n<p>\u201cDuring negotiations, JNPT raised its price bid to over Rs. 1,300 crore,\u201d at least two people familiar with the development said, asking not to be named.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Jawaharlal Nehru Port Trust (JNPT), India\u2019s biggest container gateway, has raised its offer price to over Rs. 1,300 crore to buy debt-ridden Air India\u2019s iconic 23-storey tower at Mumbai\u2019s Nariman Point. JNPT\u2019s initial bid of about Rs. 1,200 crore was higher than the one quoted by state-run Life Insurance Corporation of India (LIC), the only other bidder to participate in the auction, but was below the reserve price set by the cash-strapped national carrier. \u201cDuring negotiations, JNPT raised its price bid to over Rs. 1,300 crore,\u201d at least two people familiar with the development said, asking not to be [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-270637","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270637"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270637\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}