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Sumeet Industries' lenders ask initial bidder to raise offer

Sumeet has been classified as a non-performing account (NPA) with banks for more than three years. It owes lenders led by the Bank of Baroda (BoB) more than ₹900 crore including about ₹530 crore in principal. Lenders expect to recover at least 47% of their principal dues by asking Gajera to better its offer.

Mumbai
Maharashtra
India
Kolkata
West-bengal
Baroda
Gujarat
Canara
Karnataka
Satyendra-khorania
Chunibhai-gajera
Gajera-group

Sumeet Industries' lenders ask initial bidder to raise offer, Retail News, ET Retail

Sumeet Industries: Sumeet has been classified as a non-performing account (NPA) with banks for more than three years. It owes lenders led by the Bank of Baroda (BoB) more than ₹900 crore including about ₹530 crore in principal. Lenders expect to recover at least 47% of their principal dues by asking Gajera to better its offer.

Baroda
Gujarat
India
Mumbai
Maharashtra
Canara
Karnataka
Kolkata
West-bengal
Chunibhai-gajera
Satyendra-khorania
Gajera-group

Sumeet Industries' lenders ask initial bidder to raise offer

Sumeet has been classified as a non-performing account (NPA) with banks for more than three years. It owes lenders led by the Bank of Baroda (BoB) more than ₹900 crore including about ₹530 crore in principal. Lenders expect to recover at least 47% of their principal dues by asking Gajera to better its offer.

Kolkata
West-bengal
India
Mumbai
Maharashtra
Canara
Karnataka
Baroda
Gujarat
Satyendra-khorania
Chunibhai-gajera
Tourism-finance-corp

Hinduja Global, Oil & Gas Stocks to Mirza International - here are the top Buzzing Stocks today

Equity benchmarks, Nifty and Sensex, were trading at a gain of more than half a per cent in the early noon deals on Tuesday, January 4, 2022. Get more Markets News and Business News on Zee Business.

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Hindustan
India-general
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एफपीआई: विदेशी निवेशक लगा रहे तेज ग्रोथ वाली मिडकैप और स्मॉलकैप कंपनियों पर दांव
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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