The resolution plan of Reliance Industries-Assets Care and Reconstruction Enterprise (RIL-ACRE) consortium to acquire Sintex Industries has been approved by the committee of creditors (CoC), the company said in a regulatory filing to the exchanges on Sunday.
The resolution plan of Reliance Industries-Assets Care and Reconstruction Enterprise (RIL-ACRE) consortium to acquire Sintex Industries has been approved by the committee of creditors (CoC), the company said in a regulatory filing to the exchanges on Sunday.
While the committee of creditors (CoC) of Sintex Industries Ltd has approved the joint bid of Reliance Industries Ltd (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles company under the insolvency resolution process (IRP), dozens of shareholders have sent emails to the resolution professional (RP) against the proposed delisting of Sintex.