Friday, April 22, 2022

Axis Bank turns down plan to distribute Sintex sale proceeds

Axis Bank is the sole lender to vote against the resolution plan submitted jointly by the two, the sources said. Axis Bank has ₹159 crore verified claims, according to the disclosures made on the company website. The liquidation value of Sintex Industries was much higher than the offers received from all four bidders in the first two rounds.

from Banking/Finance-Industry-Economic Times https://ift.tt/TzK24cn

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