In an exchange filing, debt-ridden Future Retail on Wednesday said it had received bids from six resolution applicants for its assets.
"The aforesaid submissions were opened in the meeting of the Committee of Creditors (CoC) of the corporate debtor held on May 16, 2023, in presence of the prospective resolution applicants," it said.
According to media reports, Reliance Retail and Adani Group have not bid for Future Retail's assets.
Reports state that the highest bid came from Space Mantra, and the five other companies that placed bids were Pinnacle Air, Palgun Tech LLC, Lehar Solutions, Goodwill Furniture, and Sarvabhishta E-waste Management.
This story is from the May 18, 2023 edition of Business Standard.
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This story is from the May 18, 2023 edition of Business Standard.
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