| Company | LTP | Change | Loss | |
|---|---|---|---|---|
| HDFCBANK | 1745.6 | 4.4 | 4.4 % | |
| AXISBANK | 1142.4 | 3.25 | 3.25 % | |
| HEROMOTOCO | 4794.1 | 26.25 | 26.25 % | |
| BPCL | 285.85 | 3.45 | 3.45 % | |
| KOTAKBANK | 1761.45 | 24.35 | 24.35 % |
Reliance NSE 1.10 % Industries Ltd (RIL) and Welspun NSE 0.49 % are the leading contenders to acquire bankrupt Sintex NSE -5.00 % Industries, said people with knowledge of the matter. RIL, in partnership with Assets Care & Reconstruction Enterprise (ACRE), has offered a ?2,863 crore resolution plan that includes 10% equity to lenders, they said.Reliance Industries-ACRE and Welspun Group unit...
A KKR-led group of creditors is weighing an out-of-court settlement offer of Rs 1,100 crore made by Sintex group's promoter Amit Patel, who wants them to withdraw insolvency proceedings that they had filed against his company Sintex-BAPL at the National Company Law Tribunal in August, according to people aware of the matter.Patel's offer has the backing of Arpwood Capital, a firm founded by former...