×
144
Fashion Jobs
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
TECHNOVALUE SOLUTIONS PVT. LTD
Senior Sales Engineer / Area Sales Manager
Permanent · Baddi
TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
OAKBRIDGE PUBLISHING PVT LTD
Area Sales Manager
Permanent · Pune
AVANTOR
sr. Account Manager- Lab Products
Permanent · Kolkata
EXTRAMARKS EDUCATION
Area Sales Manager- B2B
Permanent · Hyderabad
ERA UNIVERSITY (ERA EDUCATIONAL TRUST)
Production Manager- Lucknow
Permanent · Lucknow
RENOVATE BIOLOGICALS PVT LTD
Area Sales Manager
Permanent · Hyderabad
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
sr. Area Sales Manager / Territory Sales Manager - Fmcg Personal Care
Permanent · Purulia
MOTILAL OSWAL FINANCIAL SERVICES
Opening For Territory Manager B2B Sales - Mumbai
Permanent · Navi Mumbai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
HDB FINANCIAL SERVICES
Sales Manager - Alternate Channel
Permanent · Salem
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Production / Plant Manager
Permanent · Ahmedabad
JIO
Territory Sales Manager - Warangal & Hannumakonda
Permanent · Hanamkonda
Published
Dec 13, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Reliance Industries, Welspun, GHCL, and Himatsingka bid for bankrupt Sintex Industries

Published
Dec 13, 2021

Textile businesses Reliance Industries, Welspun, GHCL, and Himatsingka have all placed bids on bankrupt weaving business Sintex Industries which supplies numerous international luxury brands. 

Four of India's textile giants are bidding on Sintex Industries - Archivo


Four of India’s largest textile businesses, Mukesh Ambani’s Reliance Industries; B K Goenka’s Welspun; Sanjay Dalmia’s GHCL; and Dinesh Kumar Himatsingka’s Himatsingka, have placed bids on Sintex Industries, TNN reported. For its bid, Reliance Industries partnered with stressed asset buyer Assets Care & Reconstruction Enterprise. The other three businesses put in solo bids. 
 
Welspun has routed its bid for Sintex Industries through its business Easygo Textiles, ET Bureau reported. Welspun had previously bid on the business by offering close to Rs 2,000 crore to its creditors but the offer was declined. 

Sintex Industries weaves textiles for international luxury brands including Burberry, Armani, and Diesel among others. The business has a debt of round Rs 8,000 crore ($1.2 billion), which it owes to both financial and operational creditors.   
 
The Gujarat-based business was admitted into the process of bankruptcy by the National Company Law Tribunal in Ahmedabad on April 6, 2021. The National Company Law Tribunal ruling followed a plea by Invesco Asset Management stating that Sintex Industries has defaulted on a Rs 15 crore payment of principal and interest of non-convertible bonds in September, 2019.

Copyright © 2022 FashionNetwork.com All rights reserved.