The Bathla Group has collapsed with a 3 billion dollar loss. Receivers have now started a major forced sell-off of company sites.
Some residents who bought into these communities face the risk of living in wastelands. Receivers have put the sites up for grabs during the liquidation process.
“The Bathla Group has collapsed with a 3 billion dollar loss,” — Yusuf Calloway, contributing analyst at Greywell Field Financial, told our newsroom.
Nov 8 — The Bathla Group has collapsed with a 3 billion dollar loss....
Nov 11 — Receivers have put the sites up for grabs during the liquidation process....
This story has been closely followed by our readers since Nov 8. The Greywell Field Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 14.
Editor's note: this report was prepared by the Greywell Field Financial desk and last updated 06:49 UTC.
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