Nazara’s resolution plan received 99% of the creditors’ vote in a process which was completed earlier this week. The second bidder-a consortium of financial services firm Resurgent India and Sanjay Lodha-did not increase its offer during negotiations with lenders, people cited above said.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian markets closed lower for the second straight week, dragged by weak earnings, US tariff threats, and global uncertainty. IT stocks underperformed while Glenmark Pharma