Arpwood, Welspun Group in race to buy Sintex BAPL

Rajeev Gupta and Raj Kataria-promoted Arpwood Capital improved their offer to ₹1,100 crore, soon after Welspun Group offered ₹1,076 crore to lenders, the people said. Both bidders made unsolicited offers last month involving upfront cash payments and seeking an out-of-court settlement.

from Banking/Finance-Industry-Economic Times https://ift.tt/3yrWCnA