PE-backed personal care and speciality chemical maker enters bankruptcy

By Beena Parmar

  • 01 Oct 2021
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Credit: 123RF.com

Fairwinds Private Equity-backed personal care products and speciality chemicals manufacturer has entered bankruptcy as a National Company Law Tribunal (NCLT) ordered insolvency.  Mumbai-based VVF (India) Ltd, with a total debt of around Rs 1,400 crore (around $189 million), was admitted into insolvency last week.   In January last year, the company’s financial ......

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