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Sintex Industries Shareholders Demand Fresh Bids Since Media Leak Violated Principle of Confidentiality

Sintex Industries Ltd shares are locked in the lower circuit from 11 January 2022 onwards after a report from The Economic Times mentioned that Reliance Industries Ltd (RIL) and Welspun have emerged as the top two contenders with conditional bids to acquire the bankrupt company.

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Sintex Industries clarifies on report of Reliance-ACRE, Welspun to buy firm

The clarification stated that the said information as contained in the report "has not been shared by the Company."

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Reliance-ACRE, Welspun in final lap to acquire bankrupt Sintex Industries

Reliance Industries Ltd (RIL) and Welspun are the leading contenders to acquire bankrupt Sintex Industries, said.

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