India’s bankruptcy court has admitted Sintex Plastics Technology under the Corporate Insolvency Resolution Process (CIRP), acting on an application filed by Asset Reconstruction Company (India) (ARC). Last year...
Welspun set to acquire 70% debt of Sintex BAPL
Welspun Corp is set to acquire over 70% of the debts of KKR-backed Sintex BAPL, paving the way to take control of the distressed plastic products-maker amid insolvency proceedings, said two people aware of the...
Ambani vs Bezos fight for Future points to lacunae in India’s bankruptcy law
A telecom carrier and a retailer are showing a mirror to India’s tryst with assisted corporate demise and rebirth. The image staring back is one of defeat snatched from the jaws of victory. As the five-year-old...
KKR to invest Rs1,250 crore in Sintex unit
Sintex-BAPL Ltd, a subsidiary of Sintex Plastics Technology Pvt. Ltd, on Thursday said private equity fund KKR India and its affiliates have agreed to invest Rs1,250 crore in the company. Sintex-BAPL is part of the...
Sintex in talks with TPG, Blackstone, Carlyle to sell stake in Sintex Plastics
Sintex Industries Ltd, the world’s largest maker of plastic water tanks, is in talks with private equity (PE) funds to sell a minority stake in its newly demerged entity—Sintex Plastics Technology Ltd, according to two...
CREATION OF SINTEX HOLDING
Sintex Plastics Technology (Sintex Plastics), Sintex-BAPL Limited (Sintex BAPL) is WoS of Sintex Industries Limited (SIL). Sintex Infra Projects Limited (Sintex Infra) is WoS of BVM Overseas Limited (BVM) and BVM is WoS...