As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of resolution applicants for acquiring debt-ridden Future Retail Ltd.
The resolution professional of Future Retail Ltd (FRL) on Monday came out with the final list of ‘’Eligible Prospective Resolution Applicants’’.
On April 10, FRL’s RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company’s lenders decided to invite fresh bids after dividing its assets into clusters.
Some of the other players who had submitted EoIs include WHSmith Travel Ltd, Sahara Enterprises, Century Copper Corp, Greentech Worldwide, Harsha Vardhan Reddy, JC Flowers Asset Reconstruction Pvt Ltd, Pinnacle Air Pvt Ltd and Universal Associates.
Except Bommidala Enterprises, an Andhra Pradesh-based manufacturer of tobacco products, all companies have been included in the final list. Bommidala Enterprises indicted that it will not be submitting a resolution plan.