Complete Alok Industries takeover: SBI to RIL

In March 2019, the Ahmedabad bench of the National Company Law Tribunal (NCLT) had approved the sole RIL-JM Financial ARC bid for Alok for Rs 5,050 crore. RIL wants to raise about Rs 4,550 crore through bank loans while infusing Rs 500-crore equity in the company.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QIsRJw