Thus, an investment of Rs 1.66 lakh in YLFPL zoomed to Rs 18.64 crore.
Of this, Rs 13.32 crore came from their Lavasa equity holding, while the preference share holding of 2.66 million alone was worth Rs 5.32 crore.
The newspaper said, both Supriya and Sadanand Sule and Lavasa Corporation did not respond to their e-mails for their version of events.
The report said, two other couples who were shareholders in YFLPL also seem to have enjoyed similar appreciation.
Aniruddha P Deshpande and Sona Deshpande and Vinay V Maniar and Ruchira Maniar also were issued exactly the same number of shares issued to the Sule couple, according to the scheme of merger.
As on the date of the draft prospectus, Vinay Maniar held 28.89 million shares amounting to 5.95 per cent stake in Lavasa.
Thus, even if they had sold in 2003-04 as claimed, the Yashomala shareholders got a sweetheart deal, though the sum is small. If they sold at the valuation at which Axis entered, then it is another matter altogether.
