“There are only two options, either liquidation or extend the resolution timeline in the hope of finding a buyer. Lenders are inclined toward liquidation since it is unlikely that this airline will find any buyers due to the legal and operational issues it is facing,” said a person familiar with the process.
Shapoorji Pallonji Group’s Afcons Infra to float Rs 5,430-cr IPO on October 25
Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares