02 March 2022, Mumbai:
Lenders have entered the final stage of negotiation with Reliance Industries (RIL) after declaring it the highest bidder for Sintex Industries on Monday evening, said two people aware of the development.
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ALSO READ: Bidders for the textile company Sintex have submitted amended resolution plans
At a committee of creditors' meeting held on Monday evening, lenders asked Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) team to submit an improved offer by Wednesday, the people said.
RELATED ARTICLE:Reliance Industries Ltd (RIL) plans to acquire Sintex Industries
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*Figures mentioned in the above article have been sourced from ET article.
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