Lenders of Sintex Industries Ltd may hold a Swiss challenge auction or inter-se bidding if resolution applicants of the bankrupt textile company do not improve their offers substantially, said two people aware about...
Reliance-ACRE, Welspun in final lap to buy bankrupt Sintex Industries
Reliance Industries Ltd (RIL) and Welspun are the leading contenders to acquire bankrupt Sintex Industries, said people with knowledge of the matter. RIL, in partnership with Assets Care & Reconstruction Enterprise...
Fabric-maker Raymond to raise Rs 100 cr through non-convertible debentures
The country’s leading fabric and apparel manufacturer Raymond Ltd on Monday said it plans to raise Rs 100 crore from the market by issuing non-convertible debentures (NCDs). The company’s board is meeting on...
Consortium led by RIL to buy bankrupt firm Sintex
A consortium led by Reliance Industries Ltd (RIL) is among companies seeking to acquire Sintex Industries Ltd, the bankrupt textile maker said in a stock exchange filing on Sunday. RIL has formed a partnership with...
Indo Count buys GHCL’s home textiles business, IP, inventory for Rs 576 cr
In a Rs 576 crore deal, home textile major Indo Count Industries Ltd (ICIL) and its subsidiary will acquire the home textile business of GHCL Ltd in India and identified assets (inventory and intellectual property) of...
Advent creates Modenik by merging Dixcy and Gokaldas
Private equity firm Advent International has merged its portfolio companies Dixcy Textiles and Gokaldas Intimatewear to create Modenik Lifestyle which will manufacture intimate-wear and casual clothing for men and women...
RIL team among five bidders in race for bankrupt Sintex Industries
Reliance Industries Ltd, in partnership with Ares SSG Capital backed Assets Care & Reconstruction Enterprises Ltd, a Welspun Group company called Easygo Textiles Pvt Ltd and Trident Ltd are among the five bidders...
Iconix-Reliance JV in India to acquire Lee Cooper brand rights
Iconix Lifestyle India, an equal joint venture between Reliance Brands and Iconix Brand Group Inc, on Wednesday announced the acquisition of IP rights in India of the iconic British brand Lee Cooper for an undisclosed...
Bankrupt Sintex next on Mukesh Ambani’s list? Reliance-ACRE submits EoI
Reliance Industries Ltd, in partnership with Assets Care & Reconstruction Enterprise Ltd (ACRE), Varde Capital-backed Aditya Birla Asset Reconstruction Company, a Welspun Group entity and foreign fund CarVal...
Rupa & Co to merge subsidiary Oban Fashions with itself
Knitwear major Rupa & Co Ltd on Monday said the company will merge its wholly-owned premium brand subsidiary Oban Fashions with itself. Launched in 2018, Oban Fashions has international brands FCUK and Fruit of the...
Raymond board approves business consolidation to explore monetisation and deleverage business
Textile to engineering conglomerate Raymond announced an organisational restructuring plan in a bid to monetise its assets and deleverage its business. The plan will see its fast-fashion business consolidating with the...
Trident plans to raise up to Rs 1,100 crore
Textiles and paper maker Trident Ltd is planning to raise up to Rs 1,100 crore from the market by issuing NCDs and equity shares in tranches. The company’s board on Saturday approved raising up to Rs 600 crore by...
