New Delhi, Nov 29, : , Since Reliance Industries became one of the bidders for the bankrupt company, the stock price of Sintex Industries has been rising. According to reports, Sintex Industries has been approached by ARES Capital-backed Assets Care and Reconstruction Enterprises (Reliance Industries), ARES Capital-backed Assets Care and Reconstruction Enterprises (Welspun Group company Easygo Textiles), Trident, Himatsingka Ventures and GHFC.
Exchange data showed that the company’s shares increased by 22% in the past month and rose by 172% in 2021.
The stock price of the company is currently Rs 12.25 per share.
The National Company Law Tribunal (NCLT) is currently conducting a corporate insolvency process for the Gujarat-based textile company.
Sintex Industries was founded in 1931 and specializes in textiles and yarns.It is present on major Asian, European and US markets.
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