Thu, Jan 02, 2025
Earlier, Swan Energy took control of the management of Reliance Naval & Engineering after emerging as the winning bidder under an insolvency resolution process.
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Thu, Sep 02, 2021
At a Committee of Creditors (CoC) meeting held yesterday, all the three bids were valued by the two independent valuers and presented to the CoC. The independent valuers have found all the bids legally compliant with the NCLT norms.
Mon, May 14, 2018
The stock of shipbuilding and fabrication firm settled at Rs 14.50, down 13 per cent on the BSE. Reliance Naval stock has lost over 70 per cent this year as of today’s close.
Sun, May 13, 2018
Reliance Naval & Engineering, which was earlier known as Pipavav Defence & Offshore Engineering, was bought over by Anil Ambani group in 2016 and renamed it as Reliance Defence & Engineering. It owes over Rs 9,000 to over two dozen banks mostly state-run, led by the troubled IDBI Bank
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