March 26, 2023

group firms, which are undergoing bankruptcy proceedings, received three bids on Wednesday — the last date for submission, said sources.

According to sources, Arena Investors LP and VFSI Holdings, an affiliate of Varde Partners, were among those who submitted plans. Response to e-mails sent to Arena and Varde were awaited at the time of filing the report.The bids would be scrutinised by the Committee of Creditors (CoC) for compliance.

The bid submission comes about four months after prospective applicants submitted their expression of interest (EOI). About 13 entities had shown interest.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: