Grapevine: Five firms in fray for Sumeet Industries; Waycool nearing unicorn tag

By Shubhobrota Dev Roy

  • 22 Jun 2023
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Credit: 123RF.com

Surat-based yarn and polyester maker Sumeet Industries has drawn interests from five bidders to take over the debt-laden company, a media report said.  Earlier, billionaire Mukesh Ambani-led Reliance Industries Ltd and NRI entrepreneur Purnendu Chatterjee-bought MCPI were also in the race in buying Sumeet Industries, but they have not submitted their ......

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