Lenders of Sintex Industries plan Swiss challenge auction to avoid liquidation - Business News: Latest Share Market , Economy & Finance News | Trendmergers

Breaking

Post Top Ad

Post Top Ad

Lenders of Sintex Industries plan Swiss challenge auction to avoid liquidation

The auction route will be undertaken mainly to get improved offers so as to prevent the company from going into liquidation since the offers from all four bidders are below the liquidation value, they said. The Reliance Industries-Assets Care & Reconstruction Enterprise (ACRE) team, a Welspun entity, Himatsingka Ventures and GHCL have submitted resolution plans last month.

from Industry-Economic Times
Read The Rest:economictimes...

Post Top Ad