Reliance-ACRE submits EoI for Sintex Industries

This is a rare instance where RIL has formally submitted an expression of interest for a bankrupt company that is undergoing the corporate insolvency and resolution process (CIRP), said a lender. The only other instance where it submitted a bid was for Alok Industries in partnership with JM Financial ARC. It subsequently acquired that company.

from Markets-Economic Times https://ift.tt/3Co79kI