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Mukesh Ambani's Reliance looks to buy bankrupt textile firm Sintex Industries
short by Pragya Swastik / on Sunday, 12 December, 2021
Mukesh Ambani's Reliance Industries (RIL), along with a partner, is looking to buy Gujarat-based bankrupt textile firm Sintex Industries, according to a stock exchange filing by Sintex Industries. Reliance is partnering with Assets Care & Reconstruction Enterprise Limited to bid for the company. Other bidders for the company are Easygo Textiles (Welspun Group), GHCL, and Himatsingka Ventures.
read more at BloombergQuint