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Mukesh Ambani eying takeover of bankrupt Sintex Industries

By Anurag Kotoky, Mukesh Ambani’s Reliance Industries Ltd., along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd., according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion. ....

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Reliance, partner bid to acquire textile company Sintex

RIL is partnering with Assets Care & Reconstruction Enterprises Ltd. to bid for Sintex Industries under a court-designated bankruptcy resolution process. ....

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