Swan Energy pays Rs 50 crore with lenders of Reliance Naval, seeking an extension for the remaining amount
Swan Energy is raising Rs 1,435 crore through preferential shares to finance the acquisition. The National Company Law Tribunal has directed the winning bidder to pay the amount proposed in the resolution plan before considering an extension. The next hearing is scheduled for November 22.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
