Suraksha ARC set to lose race for distressed textile firm

By Beena Parmar

  • 18 Jun 2020
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Credit: 123RF.com

Suraksha Asset Reconstruction Ltd is likely to have lost a bid to acquire a Maharashtra-based distressed textile company that was undergoing insolvency proceedings. The asset reconstruction company, part-owned by Sun Pharmaceutical Industries Ltd executive director Sudhir Valia, had bid for Kolhapur-based Maruti Cotex Ltd in a consortium with Aurangabad-based Manjeet Cotton ......

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