Synergy was the only company that had placed an Expression of Interest (EoI) for the debt-strapped airline in August. Back then, the CoC had extended the last date to submit an EoI because Synergy had shown the initial interest.
After the EoI, the company signed an non-disclosure agreement which had given it the access to the data room for due diligence.
When BusinessLine asked the RP on Synergy’s plan to place a bid, Chhawchharia said: “They have asked for an extension for about a month till December-end; however, it is subject to approval by the CoC.”
The CoC is scheduled to meet again on November 19.
Esta historia es de la edición November 16, 2019 de The Hindu Business Line.
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Esta historia es de la edición November 16, 2019 de The Hindu Business Line.
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