Mauritian Wadia group may play role in Go First saga

A Wadia group company with a stake in Indian biscuit maker Britannia Industries may become a point of contention for GoFirst’s bankers. The bankers want loans obtained by the Indian carrier from Deutsche Bank to be collaterised in a common security pool. The consortium of public-sector banks funding GoFirst believes that collateral provided by Mauritius-based Leila Lands Limited for the loans obtained from Deutsche Bank is disproportionately higher compared to what was transferred for their loans, sources told The Economic Times.