A consortium, comprising Invent Assets Securitisation & Reconstruction Company & and GMT Pipes & Tubes, emerges as a phoenix on the Mumbai horizon. This consortium's resolute bid to acquire the illustrious Mumbai-based steel pipe manufacturer, Steamline Industries, has traversed the labyrinthine corridors of deliberation to find resounding approval within the hallowed chambers of the Mumbai National Company Law Tribunal, reports ETWithin this tableau of acquisition, a financial overture unfolds, as the consortium extends an offering of ₹24.74 crore, a monetary symphony that resounds against the backdrop of admitted claims exceeding ₹166 crore, a testament to the intricate tapestry of value and negotiation that underpins this economic pursuit.
A consortium, comprising Invent Assets Securitisation & Reconstruction Company & and GMT Pipes & Tubes, emerges as a phoenix on the Mumbai horizon. This consortium's resolute bid to acquire the illustrious Mumbai-based steel pipe manufacturer, Steamline Industries, has traversed the labyrinthine corridors of deliberation to find resounding approval within the hallowed chambers of the Mumbai National Company Law Tribunal, reports ETWithin this tableau of acquisition, a financial overture unfolds, as the consortium extends an offering of ₹24.74 crore, a monetary symphony that resounds against the backdrop of admitted claims exceeding ₹166 crore, a testament to the intricate tapestry of value and negotiation that underpins this economic pursuit.
