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Sintex Industries’ lenders approve joint resolution plan of Reliance Industries, ACRE

21 Mar 2022 Evaluate

Sintex Industries’ lenders have approved the joint bid of Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) to acquire the firm under the insolvency resolution process. The Committee of Creditors (CoC) of Sintex Industries has unanimously voted in favour of the resolution plan by Reliance Industries and ACRE.

Sintex Industries has also received bids from Welspun Group firm Easygo Textiles, GHCL and Himatsingka Ventures along with Shrikant Himatsingka and Dinesh Kumar Himatsingka and were placed before the CoC for consideration during the voting process.

Sintex Industries is textiles maker.

Sintex Industries Share Price

2.21 0.00 (0.00%)
10-Feb-2023 18:03 View Price Chart
Peers
Company Name CMP
Welspun Living 123.85
Vardhman Textiles 545.10
Arvind 382.70
K.P.R. Mill 894.60
Page Industries 36971.45
View more..

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