CIRP of Sintex Industries is almost near completion, where a joint bid by Reliance Industries Ltd and Assets Care and Reconstruction Enterprise has been voted with a 98.88 per cent majority and the NCLT has approved the resolution plan on February 10, 2023.
Travel and hospitality solutions provider Rategain Travel Technologies was down 20 percent on debut, to close at Rs 340.05 on the NSE.
“A fraud of Rs 1,203.26 crore is being reported by Bank to the RBI in the accounts of the Company (SIL),” the bank said in a notification to exchanges.
DHFL recently became the first non-banking finance company (NBFC) to be taken to the bankruptcy court.
In the S&P BSE 500 index, as many as 8 stocks fell 10-20 percent which include names like Delta Corp, Rail Vikas, Berger Paints, Bharti Airtel, Gruh Finance, Bandhan Bank, and Adani Green Energy.