 "Reid & Taylor")
After potential bidders, including numerous investment firms and asset reconstruction companies, backed out from placing bids for acquisition of the stressed assets of Reid & Taylor (R&T) India, thereby leading it to liquidation, Hong Kong-based SPGP Holdings (HK) Limited has evinced interest to acquire the firm.
A petition filed by the R&T employees’ association in the Mumbai bench of the NCLT stated that this Hong Kong company, which has a $250 million pool for investments in India, has been in talks with the association for a possible takeover.
In case the deal materialises, it will be the first
A petition filed by the R&T employees’ association in the Mumbai bench of the NCLT stated that this Hong Kong company, which has a $250 million pool for investments in India, has been in talks with the association for a possible takeover.
In case the deal materialises, it will be the first
