Welspun set to acquire 70% debt of Sintex BAPL

Avenue Capital-backed Asset Reconstruction Company of India (Arcil) in partnership with Welspun, has been acquiring Sintex BAPL loans from lenders since the beginning of this fiscal year. Separately, Welspun Corp subsidiary Mahatva Plastic Products & Building Materials has purchased bonds of Sintex BAPL from the secondary market.

from Stocks-Markets-Economic Times https://ift.tt/zQrLuZB
via IFTTT