With reference to news Item appearing in leading financial daily titled "Deutsche Bank picks 5% in HCC's Pune realty project for Rs 500 Cr" regarding Lavasa Corporation, a real estate project promoted by Hindustan Construction Company Ltd (HCC), the Company has clarified to BSE that the news published is incorrect.
However, LAVASA Corporation Ltd, which is subsidiary of HCC's subsidiary, is in the process of raising funds including equity. Towards this purpose, LAVASA is in discussion with various Bankers.
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