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Enterprise & Finance
21 November 2023, 2:14 pm 1 minute
Reuters solely reported that India’s Jindal Energy Ltd, the one firm whose expression of curiosity to take over Go First was accepted by collectors, has determined to not comply with via with a bid, three individuals aware of the plans mentioned, pushing the bancrupt airline nearer to liquidation. The deadline to submit takeover bids ends on Tuesday, and the sources informed Reuters Jindal had determined in opposition to bidding after evaluating the airline’s monetary statements.
Market Impression
Go First filed for voluntary insolvency in Might and owes a complete of 65.21 billion rupees ($785.6 million) to its collectors.
Article Tags
Matters of Curiosity: Enterprise & Finance
Kind: Reuters Finest
Sectors: Enterprise & Finance
Areas: Asia
International locations: India
Win Sorts: Exclusivity
Story Sorts: Unique / Scoop
Media Sorts: Textual content
Buyer Impression: Vital Nationwide Story
