Reliance, partner bid to acquire textile company Sintex

RIL is partnering with Assets Care & Reconstruction Enterprises Ltd. to bid for Sintex Industries under a court-designated bankruptcy resolution process.


Mukesh Ambani-led Reliance Industries Ltd. (RIL), along with a partner, are among the companies which have bid to take over bankrupt textile firm Sintex Industries Ltd., the latter said in a stock exchange filing on Sunday.

RIL is partnering with Assets Care & Reconstruction Enterprises Ltd. to bid for Sintex Industries under a court-designated bankruptcy resolution process.

Other bidders include GHCL Ltd. Easygo Textiles Pvt., and Himatsingka Ventures Pvt., which is working with Shrikant Himatsingka and Dinesh Kumar.

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