Britannia Industries Ltd., the Nusli Wadia-led biscuit major, is likely to dispose off its much-storied corporate headquarter situated in Bangalore, the Economic Times reported.
Sources reported to have said that internal discussions took place in the recent months on this matter and the company even got in touch with some real estate consultants to search for potential buyers.
The reasons for disposing off the Bangalore property located on 6-7 acre land was to shift the corporate office to Mumbai, where the Wadia Group is based and secondly the company could invest the funds in the groups aviation business GoAir and also to acquire Danones stake in Britannia, according to sources.
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