Sagar Cements will submit a resolution plan for acquisition of Andhra Cements before August 18, and expects to get the necessary clearance for the deal by October.
The directors of Hyderabad-based Sagar Cements had on July 20 approved a proposal to submit a resolution plan in respect of the corporate insolvency resolution process initiated by the Hyderabad Bench of National Company Law Tribunal (NCLB) on an application filed in respect of Andhra Cements, a ‘corporate debtor’.
Contact: Sagar Cements
Tel: 040-2335 1571
Website: sagarcements.in
