A Vedanta affiliate company and US-based Eight Capital<\/a> are among a group of 11 bidders who have submitted binding offers for Videocon Industries<\/a> that are undergoing insolvency proceedings at the national company law tribunal<\/a> (NCLT<\/a>), according to people aware of the matter.

Delhi-based television sets manufacturer
Dixon Technologies<\/a> is also amongst the bidders, according to these people.

The bids were disclosed at a bankers meeting on Wednesday.

The bids will be vetted for legal compliance before they are opened and the financial offers discussed, according to banking sources.

Videocon’s promoters, the Dhoot family, have also submitted a competing offer for the company to the lenders consortium led by State Bank of India, according to these sources but the offer was described as a ‘non-starter’ by one of the bankers.

The SBI-led consortium is looking to recover Rs. 20,000 crore in dues from the company.

\"\"
<\/span><\/figcaption><\/figure>

\"Vedanta Limited has not submitted any proposal\", a Vedanta Limited spokesperson said. Eight Capital and State Bank of India were yet to respond to ET’s queries. Dixon Technologies could not be reached for comment.

Some of the binding offers are for the entire company and to keep Videocon running as a going concern while a few offers are for individual assets of the company such as its real estate, according to sources.

Videocon owns a stake in the prized Ravva oilfield in Krishna-Godavari basin, along with a consumer and home appliances business with four manufacturing plants. The company also owns prime commercial real estate and has a telecom arm, albeit non-operational.

Videocon’s insolvency has been mired in litigation since SBI first dragged the company to the National Company Law Tribunal (NCLT) two years ago. The lender initially filed 15 separate petitions for insolvency proceedings against Videocon and its various arms but subsequently wanted to consolidate the proceedings after feedback from potential suitors suggested all the arms had inter-linked operations.
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吠檀多,美国八Videocon资本提交绑定提供了

德里电视机制造商Dixon技术也在竞购者,根据这些人。

Mohit Bhalla)
  • 2020年9月3日更新是十二24点
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韦丹塔附属公司和美国八资本都是一群11投标人提交绑定提供了吗Videocon行业正在进行破产程序国家公司法法庭(NCLT),根据人们意识到这件事。

德里电视机制造商迪克森技术也在竞购者,根据这些人。

投标是周三在银行家会议上披露。

投标将法律合规审查之前打开和金融提供了讨论,根据银行业消息人士。

Videocon的推广者,Dhoot家族,也提交了一份竞争提供公司银行财团为首的印度国家银行,根据这些来源但提供被形容为一个“不可能”的银行家。

广告
SBI-led财团正寻求恢复Rs。从公司20000卢比的会费。



“吠檀多有限没有提交任何提案”,韦丹塔有限公司发言人说。八个资本和印度国家银行尚未回应等的查询。迪克森技术无法置评。

一些绑定提供了整个公司,并保持Videocon运行作为一个持续经营而一些提供个人资产的公司,如房地产、根据来源。

Videocon拥有珍贵的哈瑞奎师那哥达瓦理河流域Ravva油田的股份,以及消费者和家用电器业务有四个制造工厂。该公司还拥有优质商业地产和电信部门,尽管非经营性。

Videocon的破产已经深陷诉讼以来,印度国家银行拖公司国家公司法法庭(NCLT)两年前。银行最初申请15个独立的请愿破产诉讼Videocon及其各种武器但随后想巩固程序从潜在的追求者建议反馈后所有的武器都早期操作。

  • 发布于2020年9月3日12:23点坚持
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A Vedanta affiliate company and US-based Eight Capital<\/a> are among a group of 11 bidders who have submitted binding offers for Videocon Industries<\/a> that are undergoing insolvency proceedings at the national company law tribunal<\/a> (NCLT<\/a>), according to people aware of the matter.

Delhi-based television sets manufacturer
Dixon Technologies<\/a> is also amongst the bidders, according to these people.

The bids were disclosed at a bankers meeting on Wednesday.

The bids will be vetted for legal compliance before they are opened and the financial offers discussed, according to banking sources.

Videocon’s promoters, the Dhoot family, have also submitted a competing offer for the company to the lenders consortium led by State Bank of India, according to these sources but the offer was described as a ‘non-starter’ by one of the bankers.

The SBI-led consortium is looking to recover Rs. 20,000 crore in dues from the company.

\"\"
<\/span><\/figcaption><\/figure>

\"Vedanta Limited has not submitted any proposal\", a Vedanta Limited spokesperson said. Eight Capital and State Bank of India were yet to respond to ET’s queries. Dixon Technologies could not be reached for comment.

Some of the binding offers are for the entire company and to keep Videocon running as a going concern while a few offers are for individual assets of the company such as its real estate, according to sources.

Videocon owns a stake in the prized Ravva oilfield in Krishna-Godavari basin, along with a consumer and home appliances business with four manufacturing plants. The company also owns prime commercial real estate and has a telecom arm, albeit non-operational.

Videocon’s insolvency has been mired in litigation since SBI first dragged the company to the National Company Law Tribunal (NCLT) two years ago. The lender initially filed 15 separate petitions for insolvency proceedings against Videocon and its various arms but subsequently wanted to consolidate the proceedings after feedback from potential suitors suggested all the arms had inter-linked operations.
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