Business Standard

Three bidders submit resolution plans for bankrupt Srei Group firms

According to sources, Arena Investors LP and VFSI Holdings, an affiliate of Varde Partners, were among those who submitted plans

SREI
Premium

BS Reporter
Srei group firms, which are undergoing bankruptcy proceedings, received three bids on Wednesday — the last date for submission, said sources.   

According to sources, Arena Investors LP and VFSI Holdings, an affiliate of Varde Partners, were among those who submitted plans. Response to e-mails sent to Arena and Varde were awaited at the time of filing the report.The bids would be scrutinised by the Committee of Creditors (CoC) for compliance.   

The bid submission comes about four months after prospective applicants submitted their expression of interest (EOI). About 13 entities had shown interest. 

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in