By monika singh | 11 Jan, 2022
Reliance-ACRE, Welspun in final lap to buy bankrupt Sintex Industries
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...
Live Comments
parvin 2022-12-20 18:20:09
why and who are buying the shares . , whe. such risk is there. capital can be wiped out
Login & Reply Like(0) Dislike(0) Repost SpamINVESTINGPOWER 2022-12-12 15:17:44
Reliance will take care of the small investors. May be some attractive conversion, we will get. Let us wait and watch.
Login & Reply Like(0) Dislike(0) Repost Spam