Reliance, Adani among 15 suitors for FRL assets
Business Standard|November 11, 2022
Capri Global, Nalwa Steel also submit Eols
ABHIJEET LELE DEV CHATTERJEE
Reliance, Adani among 15 suitors for FRL assets

The Adani group and Reliance Industries, conglomerates, India's top business are among the 15 entities that have submitted their expressions of interest (Eols) to acquire the assets of bankrupt Future Retail (FRL).

April Moon Retail, a joint venture between Adani Airport Holdings and promoters of the Flemingo group, Reliance Retail Ventures, and Dharampal Satyapal, a consumer product firm, are among the suitors, banking sources said. Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation, UV Multiple Asset Investment Trust's Special Situation Fund, and United Biotech had also sent in their Eols by November 3, the extended deadline for potential buyers to submit their documents.

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