RIL amongst other serious bidders looking at ailing Sintex

01 November 2021, Mumbai:

The serious bidders in fray for ailing Sintex Industries Ltd are as RIL in partnership with Ares SSG capital-backed Assets Care & Reconstruction Enterprises Ltd, a Welspun N Group company called Easygo Textiles Pvt Ltd, and Trident group ET that have so far believed to have submitted firm bids for Sintex which is up for grab. ET

Reports further state, "There are two more potential bidders in the form of the Gujarat-based manufacturer of textiles and yarns were from Himatsingka Ventures Pvt Ltd and GHFC Ltd.

Sintex Industries Ltd, which is currently already undergoing corporate insolvency and resolution process, reportedly already have received multiple (EOIs) expressions of interest including a few bids that include marquee foreign fund CarVal Investors and Varde Capital-backed Aditya Birla Asset Reconstruction Company to name a few so the process is on track this way.

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