2024 PTDA Foundation board ready to pioneer new programs
The Power Transmission Distributors Association (PTDA) Foundation Board of Trustees begin their leadership terms. Matt Pavlinsky, director of power
Source: designworldonline.com
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PTDA Foundation Board Members Begin 2024 Terms
Matt Pavlinsky, the director of power transmission products at Applied Industrial Technologies, will serve as board president.
Source: inddist.com
Jindal (India) to compete with Reliance Retail for Future Enterprises acquisition, submits debt resolution plan: Report
Mukesh Ambani-controlled Reliance Retail is already in the race to acquire the company. Earlier, Reliance Retail had sought time till October 30 to take a call on its bid for Future Enterprises.
Source: businesstoday.in
Future ent news: Reliance Retail, Jindal (India) make offers to acquire bankrupt Future Enterprises
Future Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolvency process. The newly appointed resolution professional Avil Menezes disclosed the names of these three entities as a 'provisional list of prospective resolution applicants'. The RP has admitted Rs 12,265 crore of verified claims from lenders and Rs 23 crore of claims from fixed deposit holders.
Source: indiatimes.com
Mukesh Ambani's next big move: Isha Ambani-led firm offers to take over company once worth Rs 5,100 crore, details here
It may be recalled that Future Enterprises, which is owned by Kishore Bayani, was admitted for corporate insolvency by the National Company Law Tribunal (NCLT) on February 27.
Source: dnaindia.com