India Digest: Alok, ABG Shipyard attract solo bids; IHH plans open offer for Fortis

Photo: Reuters

JM Financial Asset Reconstruction Company has emerged as the sole bidder for bankrupt textile company Alok Industries, while London-based Liberty House remains the only bidder for bankrupt ABG Shipyard even after the second round of bidding. In another development, Malaysia’s IHH Healthcare Bhd is set to launch a voluntary open offer to buy the non-promoter shares of Fortis Healthcare.

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