Reliance submits revised Rs.2,800-Cr offer for Sintex

Reliance Industries Ltd (RIL) has submitted a revised resolution plan to National Company Law Tribunal (NCLT), Ahmedabad, to acquire the debt-ridden Sintex Industries Ltd for an offer of INR 2,700-2,800 crore to the financial creditors. RIL has reportedly entered into a partnership with Assets Care & Reconstruction Enterprise (ACRE) for the bid to acquire Sintex.