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.