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.
