Donear Industries News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Future Lifestyle Fashions (FLFL), a Kishore Biyani-promoted company, has received two resolution offers from scrap dealer Space Mantra and fashion retailer Donear Industries. Space Mantra's Rs 550-crore offer for Future Retail was rejected by lenders due to its low price. Donear Industries-owned textile maker GBTL showed interest in acquiring Future Enterprises, but did not submit a resolution plan.

Future Lifestyle Fashions (FLFL), a Kishore Biyani-promoted company, has received two resolution offers from scrap dealer Space Mantra and fashion retailer Donear Industries. Space Mantra's Rs 550-crore offer for Future Retail was rejected by lenders due to its low price. Donear Industries-owned textile maker GBTL showed interest in acquiring Future Enterprises, but did not submit a resolution plan.

This comes at a time when Reliance Retail, owned by Mukesh Ambani, is also in the running to acquire the beleaguered company. Previously, Reliance Retail had requested an extension until 30 October to make a decision on its bid for Future Enterprises , , jindal group, reliance retail, Future Enterprises

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