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Business News

NCLT approved Reliance and JM Financial ARC’s 5050 Crore bid to acquire the debt-ridden textile company Alok Industries

Published: March 9th, 2019

NCLT approved Reliance and JM Financial ARC’s 5050 Crore bid to acquire the debt-ridden textile company Alok Industries Dear All, Good News, The National Company Law Tribunal (NCLT) Ahmadabad bench on Friday (08.03.2019) approved the Rs. 5050 crores bid of Reliance Industries Ltd (RIL) and JM Financial Asset Reconstruction Company to acquire the debt-ridden textile …

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