tender document & reserve price for sale of financial assets · tender document & reserve...

Tender Document & Reserve Price for

Sale of Financial Assets

Special Situation Advisors (India) Pvt. Ltd.

March , 2015

Dena Bank

Tender Document for Sale of Financial Assets 1

Contents

I Disclaimer and Important Notice

II Invitation for Participation in the Bidding Process

III Schedule of Sale Process

IV Important Terms and Conditions

V Annexure

I. Bid Format

II. Declaration Format

III. Reserve Price for Sale of Assets

Dena Bank


I. DISCLAIMER AND IMPORTANT NOTICE

This document shall be referred to as the Tender Document (“TD”) for Sale of Financial

Assets of Dena Bank in continuation of the sale process conducted by bank in January, 2015.

Dena Bank has appointed Special Situation Advisors (India) Pvt. Ltd. (“SSA”) as Financial

Advisors for sale of Financial Assets. The purpose of this document is to provide information

to Bidders in respect of the sale process.

It is presumed and understood that by participating in this process, each of the participating

bidders has carried out their own independent due-diligence, investigation and assessment,

in respect of any or all matters, information, statements etc. covered/sought to be covered or

contained in this TD and any documents that may be provided by Dena Bank during the

course of the process pursuant to this TD.

The TD and other information pertaining to the sale process would be shared only to those

participants who have executed Non-Disclosure Agreement in favour of Dena Bank. This

document is for the exclusive use of participating bidders and is not meant for public

circulation and is not intended for distribution to any person other than the persons to

whom it is addressed, and is not transferable. Recipients are not permitted to replicate this

TD or to further distribute/share the TD.

This TD may not contain all the information and data each Bidder may desire or require in

reaching decisions concerning their Bid. Each Bidder should conduct its own investigations,

analysis and should check the accuracy, reliability and completeness of the information in

this TD. Bidders should form their own views as to whether information provided herein or

separately is relevant to any decisions that they make and should make their own

independent investigations in relation to any additional information that they may require.

Notwithstanding anything contained in this TD, neither Dena Bank, nor its employees or its

advisors make any representation or warranty, express or implied, or accept any

responsibility or liability, whatsoever, in respect of any statements or omissions herein, or

the accuracy, completeness or reliability of information, and shall incur no liability, under

any law, statute, rules or regulations as to the accuracy, reliability or completeness of this

TD, even if any loss or damage is caused by any act or omission on the part of Dena Bank or

its employees or its advisors, whether negligent or otherwise.

The information contained in this TD or any other information which may be provided to

Bidders is subject to change without prior notice. Dena Bank may, in its absolute discretion,

Dena Bank


but without being under any obligation to do so, update, amend or supplement the

information contained herein including the envisaged sale process mentioned.

II. INVITATION FOR PARTICIPATION IN BIDDING PROCESS

Dena Bank invites sealed bid in continuation of the previous sale process conducted in

January, 2015 for the purchase of Financial Assets of 56 individual accounts on “As is where

is and as is what is” basis & without recourse to Dena Bank. Separate bids must be

submitted for individual accounts comprising a total of 56 accounts on following basis:

Portfolio Individual/Portfolio Mode of payment

56 Individual Accounts Individual Cash and/or

Cash + Security Receipt Basis

(Cash component must be minimum

of 15%)

All Asset Reconstruction Companies who have tendered their Expression of Interest (EOI)

pursuant to the notification of the Bank are eligible to participate in the sale process subject

to applicable regulations.

It would be deemed that by submitting the Bid, the Bidder has read, understood and has

made a complete and careful examination of all the information given in this TD/Data Room

pertaining to the relevant NPAs & has made their own due diligence in respect of the same.

Kindly feel free to revert to us in case of any further clarification on the sale process:-

Mr. Sreejith K.

AGM, Legal Department

Dena Corporate Centre

C-10, G Block, 5th Floor

Bandra Kurla Complex

Bandra (East), Mumbai-400 051

Tel.: +91 022 26545522

Mb.: +91 9619341333

Email: [email protected]

Mr. Chintan Shah

Vice President

Special Situation Advisors (India) Pvt. Ltd.

226, Platinum Techno Park,

Plot no 17 & 18

Sector 30 A, Vashi

Navi Mumbai - 400703

Mb.: +91 9987074607

Email: [email protected]

mailto:[email protected]

mailto:[email protected]

Dena Bank


List of Accounts:-

Sr. No Case Name

Individual

1. Shri Maheshwar Hydel Pvt Ltd

2. Electrotherm (India) Ltd

3. Tirupati Build & Off Pvt ltd

4. New Chennai Township Pvt Ltd

5. Rainbow Denim Ltd

6. NRC Ltd

7. Ind Synergy Ltd

8. Dewa Projects Pvt Ltd

9. ACT Educational & Charitable Trust

10. Mega Foods Products Pvt. Ltd

11. Pithampur Poly Products Ltd

12. Singh Alloys Steel Ltd

13. Shambhavi Contractors Company Pvt Ltd

14. CTS Construction Pvt Ltd

15. Jyoti Supermart

16.

Indo Power Cables Ltd

17. Kohli Brothers

18. Sunrise BST Cold Storage

19. Kiz & Associates and Group

20. Advanced High-Tech & Gopal Hi-Tech

21. Baroda Electro Eng Pvt Ltd

22. Swastik Marine Corporation

23. Varsha Synthetics

24. Gangdhara Cold storage Pvt Ltd

25. Kutch cement Pvt Ltd

26. R K Impex

27. Nova Electronics company

28. Jaliyan Industries

29. Vijayant Group

30. Laxmi Cotton Industries

31. Dinesh Agro Products Ltd

32. Sagar Uniexim india Pvt Ltd

33. Future Formulations Pvt Ltd

34. Siddharth Pulses

35. Salecha Industries

36. Unipharma Ampoules Ltd

Dena Bank


III. SCHEDULE OF SALE PROCESS

Indicative Schedule of Bidding Process is as given below:

Sr. No. Activity Indicative Dates

1 Last Date of Submission of Sealed Bid March 24th, 2015 by 11:00 a.m.

2 Bid Opening Date & Declaration of

Highest Bidder (Bids will be opened by

Asset Sale Committee)

March 24th, 2015 at 12:00 p.m.

3 Negotiation with the Highest Bidders March 25th, 2015

Dena Bank in its sole discretion may change or extend any indicated dates mentioned above

and the same shall be binding on the participating bidders. Dena Bank further reserves its

right to change the mode of auction to e-auction in which event, the terms of auction

including last date of submission of bid, bid start date/ time etc shall be notified separately.

IV. IMPORTANT TERMS AND CONDITIONS

1. The Bid should be submitted only in the prescribed Bid Form given in Annexure I to

the TD and should be accompanied by the Declaration given in Annexure II to the

TD. Bids with conditions or not adhering to the prescribed bid format may be liable

for disqualification.

2. The sale of Financial Assets is on „as is where is & as is what is‟ basis without recourse

to Dena Bank.

3. Please note that the Bid submitted by the Bidder shall be deemed to be a Offer

binding on the Bidder, if accepted by Dena Bank in accordance with these terms and

conditions. Bid once submitted cannot be withdrawn until the declaration of the

Successful Bidder.

4. The submission of the Bid by a Bidder shall be deemed to constitute unconditional

acceptance by the Bidder of this TD and all the terms and conditions applicable.

37. Chamunda Exports

38. B & C Machinery Ltd.

39. Sanghi Polyesters Ltd Company

40. Boss Profiles Ltd

41. Relish Snacks Pvt Ltd

42. Kumari Overseas Pvt Ltd & DK Jagannath Silk Twisting Factory & Group

43. M/s Imrana Leather Exports

44. SBR Agro Products Pvt Ltd

45. RKS Dental Care Products

Dena Bank


5. All bids shall be received latest by 11.00 a.m. on March 24th, 2015 in a sealed

envelope superscripted as “BID FOR SALE OF NPA - INDIVIDUAL ACCOUNTS”. The

Bids will be opened on March 24th, 2015 at 12:00 p.m. before Asset Sale Committee,

appointed by the bank. The bidders‟ representatives may remain present at Dena

Bank, Dena Corporate Centre, C-10, G Block, 5th Floor, Bandra Kurla Complex, Bandra

(East), Mumbai-400 051 where the bids will be opened. It is the sole responsibility of

the bidders to ensure to submit the bid within the time specified above.

6. Separate bids must be submitted for the 56 Individual accounts ON CASH AND/OR

CASH + SECURITY RECEIPT (SR) BASIS AS UNDER:

Portfolio Individual/Portfolio Mode of payment

56 Individual

Accounts

Individual Cash and/or

Cash + Security Receipt Basis

(Cash component must be minimum

of 15% )

7. SRs offered for the bid will have the following terms:

a. Minimum 15% of the total bid amount should be in cash

b. Security Receipt will have pari-passu redemption

c. Excess recovery after providing for Security Receipt holders as per agreed

terms shall be shared by Security Receipt Holders and ARC in the ratio of

80:20 respectively

d. The initial valuation of SRs should be done within a period not exceeding six

months of acquiring the underlying asset

e. Management fee payable shall be 1.5 % per annum.

8. Other Terms and Conditions of SRs:

a) The Management Fee should be calculated and charged as percentage of the Net

Asset Value (NAV) at the lower end of the range of the NAV specified by the

Credit Rating Agency (CRA) (rather than on the outstanding value of SRs),

provided that the same is not more than the acquisition value of the underlying

asset. However, Management Fees are to be reckoned as a percentage of the

actual outstanding value of SRs before availability of NAV of SRs ie period not

exceeding six months of acquiring the underlying asset.

b) Management Fee and all taxes and duties payable on such fee, shall accrue to the

Trustee on a quarterly basis. The same shall be payable out of the Trust Fund

forthwith upon any recovery or realisation of the Financial Assets forming part of

the Trust Fund. The fee for any quarter shall be calculated on the basis of the

daily balance of the outstanding face value of the SRs or as percentage of the

Dena Bank


NAV as may be applicable. The Management Fee so accrued shall not attract

interest.

c) The maximum maturity period of Security Receipts shall be 5 years. Any extension

of maturity period shall be subject to compliance of the RBI guidelines therein.

d) If one of more accounts are acquired by the same purchaser, separate trust can

be formed for each such account.

e) The purchaser / acquirer shall not receive any remuneration / fee towards

advisory services to the borrower/s during the resolution period.

f) Breakage cost payable by SR holders to the Trustee shall not exceed 1% of the

value of the Trust Fund as determined for the purpose of the most recent

declaration of the NAV.

g) Expenses and costs incurred, defrayed and paid by the Trust after acquisition of

assets shall be recoverable by the Trust along with interest @ 10.25% (simple) per

annum on the expenses and cost outstanding from time to time for the period

commencing from the date of incurrence, defrayal or payment as the case may be

and ending on the date of its reimbursement from the Trust Fund. However,

expenses incurred at pre-acquisition stage for performing due diligence etc for

acquiring financial assets shall not be recoverable from the Trust.

h) Amounts received by the Trustee shall be utilised by the Trustee to make

payments firstly for payment of all statutory and regulatory dues, if any; Secondly,

for payment of reimbursable costs and expenses incurred by the Trustee and

chargeable interests thereon and fees or remuneration of the Trustee and Finally,

on each payment date, for payment of the amounts to be distributed amongst

the Security Receipt Holders, listed in the Register of SR holders, as on the Record

Date corresponding to such Payment Date, in accordance with the terms and

conditions of their respective SRs, Trust Deed and Offer Document.

i) The Trust shall disclose details of recoveries made / received in the Trust Account

on a regular basis.

9. The bid for account/s should be accompanied by a notional deposit of Rs. 5 Lacs for

individual account/s. However, if bids are submitted in more than one individual

account, the maximum deposit for individual accounts shall be Rs.10 lac. The notional

deposit should be submitted by way of Demand Draft/Bankers Cheque/RTGS in

favour of „Dena Bank‟ payable at Mumbai.

Dena Bank


The notional deposit will be held by Dena Bank as security for completion of the

transaction by the successful bidder. In the event of a successful bidder failing to

execute assignment agreement and / or make payment of balance purchase

consideration by close of business hours on the date of signing of assignment

agreement, the notional deposit submitted by the successful bidder would be

forfeited by Dena Bank as liquidated damages.

The notional deposit received from the unsuccessful bidders would be returned

within fifteen days of the bid opening.

10. Post Tender negotiations shall be held only with the Highest Bidders in each

individual account where bids are submitted.

11. The Bid shall be typed or written in indelible ink and the Bidder and/or its Authorized

Signatory shall initial each page. All the alterations, omissions, additions, or any other

amendments made to the Bid shall be initialled by the person(s) signing the Bid.

12. Bid shall remain valid for a period of 60 days from the date of submission of Bid.

However, Dena Bank may require the Bidders to extend the validity for such period as

may be determined by Dena Bank at its discretion. Dena Bank reserves the right to

reject any Bid which does not meet this requirement.

13. The Bidder should submit a Resolution of Board of Directors/ Power of Attorney

(POA) duly supported by the board resolution authorising the signatories of the Bid.

14. The Bid must be submitted in a sealed envelope with Title as BID FOR SALE OF NPA

- INDIVIDUAL ACCOUNTS and addressed to-

Mr. Sreejith K.


Dena Bank





The Bid should be submitted so as to reach us not later than March 24th, 2015 by 11:00 a.m.

15. Bidders are expected to submit their Bid with independent study & assessment in

respect of NPA accounts and value thereof before submitting their Bid. By virtue of

submission of the Bid, it shall be deemed that the Bidders have conducted their own

independent due diligence at their own costs including verifying various legal

proceedings, as well as ascertaining the known and unknown liabilities,

encumbrances and any other dues from concerned authorities or stakeholders to

their satisfaction before submitting the Bid. Any Bid made shall be deemed to have

been submitted after complete satisfaction of Bidders thereto and any or all claims

there against after due inspection.

Dena Bank


16. The Bid should be made on the basis of the terms of the TD as circulated to Bidders

without prejudice to Dena Bank‟s right to make any amendments.

17. Conditional & Contingent Bid shall be liable to be disqualified by Dena Bank.

18. Bids must be signed by the Bidder (and each page thereof initialled by the Bidder) by

their authorised signatory. Absence of required duly authorised signatures would

render the submission invalid.

19. In preparation for this sale, Dena Bank has assessed in detail, the characteristics of the

NPA Portfolio in conjunction with Special Situation Advisors (India) Pvt. Ltd. Reserve

Price has been set by Dena Bank as its internal assessment of every account, the

expected realisation and taking into account value analysis carried out by Special

Situation Advisors (India) Pvt. Ltd., in discussions with the Dena Bank. The Reserve

Price has been annexed herewith in Annexure 3. Provided this Reserve price is met or

exceeded, Dena Bank shall consider completion of sale of the Financial Assets

Portfolio within the timeframe outlined in this TD.

20. All costs, expenses and liabilities incurred by each Bidder in connection with the

Transaction, including (without limitation) in connection with Due Diligence,

preparation and/or submission of the Bid, including fees and disbursements of its

own advisors, if any, shall be borne and paid by such Bidder, whether its Bid is

accepted or rejected for any reason, and Dena Bank does not assume any liability

whatsoever in this connection.

21. Any discussions or any clarifications, information sought or divulged with respect to

the Bid will not constitute an invitation or commitment by Dena Bank to enter into

any intent, motive, agreement, undertaking or covenant with the Bidder nor shall

Dena Bank be liable to consummate deal with any Participant on the basis of such

discussion, negotiation, information.

22. The Bidder is required to and must exercise utmost good faith, due care and

diligence in preparation and submission of the Bid and must ensure that all

information provided therein is accurate and complete.

23. Dena Bank may, at its sole discretion, add, amend, vary, modify, delete, any of the

conditions of TD as may be deemed necessary in the light of the facts and

circumstances and also issue one or more Addenda, Corrigendum as required

without giving any reasons thereto. The response required from Bidders as a

consequence of any such Addendum shall be specified in the relevant Addendum

and the response thereto will be deemed to constitute a part of the relevant Bidder‟s

Bid.

24. Dena Bank may, at any time and for any reason, without giving any reason thereof,

change/extend the deadlines/time-lines outlined in this TD, and shall communicate

such change/extension individually to each Bidder.

Dena Bank


25. The Successful Bidder shall be solely and absolutely responsible for completion of all

statutory, regulatory and other compliances for the said purpose including incurring

of any costs, charges and expenses and payment of fees and duties (including the

adjudication, stamp duty and registration fee and other similar levy payable and

whether payable in one or more states or jurisdictions), statutory and otherwise.

However, in cash plus SR bids, the Trust created pursuant to the acquisition of assets

shall be responsible for all such post acquisition expenses.

26. Sale of Financial Assets to the Successful Bidder shall be effected by execution of the

necessary and appropriate Assignment Agreement(s) in favour of the Successful

Bidder, only upon receipt and realization of the entire purchase consideration from

the Successful Bidder. The execution of the Assignment Agreements shall be only in

the IBA approved format as the case maybe. Submission of the Bid shall be construed

as unconditional acceptance of the same.

27. As from the date of execution of the Assignment Agreements as aforesaid in favour

of the Successful Bidder/Assignee as aforesaid, all the rights and corresponding

duties and obligations of Dena Bank in respect of the subject Case shall vest in the

Assignee. Accordingly, Dena Bank shall not continue attending/pursuing/defending

to the legal cases which have been /may be filed in relation to the subject case.

28. It is clarified that any payments received in respect of the Financial Asset/s from the

cut- off date (Date of commencement of Due Diligence), it shall hold such amounts,

in trust for the benefit of the Successful Bidder in respect of such Financial Asset, and

upon execution of the related Assignment Agreement and / or transfer instrument

shall hand such amounts over to the Successful Bidder or its duly authorised agent.

29. All the documents that the Successful Bidder/Assignee has to collect from Dena Bank

under the terms of the Assignment Agreements will be held at the respective

Branches/offices of Dena Bank throughout India until collected by the Successful

Bidder/Assignee during normal office hours on or after the execution of Assignment

Agreements and at any date within 45 days of the execution of Assignment

Agreements. It should be noted that it shall be the sole responsibility of the

Successful Bidder/Assignee, at its own cost and expense, to collect the aforesaid

documents from the various Branches/offices of Dena Bank.

30. Dena Bank reserves its right to cancel the process at any stage before final

confirmation and in that event, in absolute discretion, to follow a different method

for sale/ transfer of the financial assets which may not be mentioned above. Upon

such action Dena Bank‟s decision in this behalf shall be final and binding on all the

Bidders.

31. Dena Bank reserves the right to add or delete accounts or modify the composition of

the Loan Portfolio or the single accounts offered for sale and the sale structure at any

stage without assigning any reason.

Dena Bank


32. Dena Bank reserves the right to accept/reject any Bid without assigning any reasons

at its discretion. Dena Bank also reserves the right not to go ahead with the sale if the

price does not match its Reserve Price or for any other reason which it is not obliged

to disclose. The decision of Dena Bank in this regard shall be final and conclusive.

33. If by the terms of this TD, any act would be required to be performed on or within a

period ending on a day, which is not a Business Day, then it shall be performed, on or

by the immediately succeeding Business Day.

34. The Bidder shall not be entitled to withdraw or cancel Bid once submitted

35. In the event of any dispute and /or difference on the point of meaning or definition

of any particular word used in this TD or, in respect of interpretation of any clause of

this TD or, this TD as a whole or, in respect of sequence of events mentioned therein,

decision of the General Manager (RML) Dena Bank shall be final and binding on all

the parties concerned.

36. Disputes, if any, shall be subject to jurisdiction of Mumbai Courts/ Tribunals only.

37. Sale of Assets by Dena Bank under the above TD shall be in strict adherence to the

RBI / CVC guidelines.

In acceptance:

Signature and Seal of the Bidder:

Annexure I

(On the letter-head of the Bidder)

DATE:

Mr. Sreejith K.


Dena Bank





Subject: - Dena Bank Portfolio – Final Offer/Bid

Dena Bank – March 2015 – Final Portfolio Bid

Name and address of the

registered office of the Bidder

Particulars (Rs. In Crores)

Cash Basis

Cash + Security Receipts Basis

Cash component

(Minimum 15%)

Security Receipt

Component

Total

SR Offer

Shri Maheshwar Hydel Pvt Ltd

Electrotherm (India) Ltd

Tirupati Build & Off Pvt ltd

New Chennai Township Pvt Ltd

Rainbow Denim Ltd

NRC Ltd

Ind Synergy Ltd

Dewa Projects Pvt Ltd

ACT Educational & Charitable

Trust

Mega Foods Products Pvt. Ltd

Pithampur Poly Products Ltd

Singh Alloys Steel Ltd

Shambhavi Contractors

Company Pvt Ltd

CTS Construction Pvt Ltd

Jyoti Supermart

Indo Power Cables Ltd

Kohli Brothers

Sunrise BST Cold Storage

Kiz & Associates and Group

Advanced High-Tech & Gopal

Hi-Tech

Baroda Electro Eng Pvt Ltd

Dena Bank


Swastik Marine Corporation

Varsha Synthetics

Gangdhara Cold storage Pvt Ltd

Kutch cement Pvt Ltd

R K Impex

Nova Electronics company

Jaliyan Industries

Vijayant Group

Laxmi Cotton Industries

Dinesh Agro Products Ltd

Sagar Uniexim india Pvt Ltd

Future Formulations Pvt Ltd

Siddharth Pulses

Salecha Industries

Unipharma Ampoules Ltd

Chamunda Exports

B & C Machinery Ltd.

Sanghi Polyesters Ltd Company

Boss Profiles Ltd

Relish Snacks Pvt Ltd

Kumari Overseas Pvt Ltd & DK

Jagannath Silk Twisting Factory

& Group

M/s Imrana Leather Exports

SBR Agro Products Pvt Ltd

RKS Dental Care Products

Individual Accounts

Terms & Condition of SR:

a. Minimum 15% of the total portfolio bid amount should be in cash

b. Security Receipt will have pari-passu redemption

c. Excess recovery after providing for Security Receipt holders as per agreed terms shall be

shared by Security Receipt Holders and ARC in the ratio of 80:20 respectively

d. The initial valuation of SRs should be done within a period not exceeding six months of

acquiring the underlying asset

e. Management fee payable shall be 1.5% p.a.

f. The maximum maturity period of Security Receipts shall be 5 years. Any extension of

maturity period shall be subject to compliance of RBI guidelines therein.

The bidder hereby confirm having read and understood all the terms and conditions of the Tender

Document and accepted the same. The Bidder further confirms that it is aware that the Financial Assets are

being sold on “As is what is and As is where is” basis without recourse to Dena Bank. This Bid is

unconditional, irrevocable & binding in all respect. We have conducted our own independent assessment,

investigation, due-diligence and have sought independent professional, financial and legal advice, before

submitting this Bid. Dena Bank shall not be in any way liable for anything pertaining to the same.

Dena Bank


Signature (s)

For

Name & designation of the authorised signatory:

Dena Bank


Annexure II

DECLARATION

[On the letter-head of the Bidder]

DATE:

Mr. Sreejith K.


Dena Bank





Dear Sir,

Re: Bid for purchase of Financial Assets of Dena Bank pursuant to the issuance of TD

by Dena Bank

I/We, the Bidder aforesaid do hereby state that, I/We have read the entire terms and

conditions of the „Tender Document for Sale of Financial Assets of Dena Bank (“TD”) and

understood them fully. I/We, hereby unconditionally agree to conform with and to be bound

by the terms of the same.

We confirm that we are legally entitled to be the purchasers of Financial Assets in the event

of acceptance of our offer by Dena Bank and neither the execution and delivery of the offer

and the proposed execution and delivery of Assignment Agreements in the event of

acceptance of our Bid by Dena Bank, nor the consummation of the transactions

contemplated thereby, nor the fulfilment of or compliance by us with the terms and

conditions of the TD, conflict/will conflict with or result/will result in a breach of or a default

under any of the terms, conditions or provisions of any legal restriction (including, without

limitation, any judgement, order, injunction, decree or ruling of any court or Statutory

Authority, or any law, regulations, rules etc) or any covenant or agreement or instrument to

which we/our nominee are/is now a party, nor does/would such execution, delivery,

consummation or compliance violate or result in the violation of any of our/our nominee‟s

constitution documents.

Yours faithfully

(M/s._______________________)

Signature of Authorised Signatory

Dena Bank


Annexure III

Reserve Price For Sale of Assets

Name of the Account Reserve Price on

CASH Basis

(Rs. In Crs.)

Reserve Price on

CASH + SR Basis

(Rs. In Crs.)

Shri Maheshwar Hydel Pvt Ltd 25.41 28.23

Electrotherm (India) Ltd 36.99 41.10

Tirupati Build & Off Pvt ltd 55.15 61.27

New Chennai Township Pvt Ltd 27.94 31.04

Rainbow Denim Ltd 16.20 18.00

NRC Ltd 25.39 28.21

Ind Synergy Ltd 16.23 18.03

Dewa Projects Pvt Ltd 12.87 14.30

ACT Educational & Charitable Trust 8.29 9.21

Mega Foods Products Pvt. Ltd 4.05 4.50

Pithampur Poly Products Ltd 4.18 4.65

Singh Alloys Steel Ltd 7.10 7.89

Shambhavi Contractors Company Pvt Ltd 0.61 0.68

CTS Construction Pvt Ltd 1.05 1.16

Jyoti Supermart 0.82 0.91

Indo Power Cables Ltd 0.30 0.34

Kohli Brothers 1.37 1.52

Sunrise BST Cold Storage 1.08 1.20

Kiz & Associates and Group 1.78 1.97

Advanced High-Tech & Gopal Hi-Tech 0.72 0.80

Baroda Electro Eng Pvt Ltd 2.38 2.64

Swastik Marine Corporation 0.62 0.69

Varsha Synthetics 0.86 0.95

Gangdhara Cold storage Pvt Ltd 2.30 2.56

Kutch Cement Pvt Ltd 1.53 1.70

R K Impex 0.24 0.27

Nova Electronics company 1.37 1.52

Jaliyan Industries 2.17 2.41

Vijayant Group 1.28 1.42

Laxmi Cotton Industries 1.49 1.65

Dinesh Agro Products Ltd 1.93 2.15

Sagar Uniexim india Pvt Ltd 0.15 0.17

Future Formulations Pvt Ltd 3.59 3.99

Siddharth Pulses 1.44 1.60

Dena Bank


Salecha Industries 0.09 0.10

Unipharma Ampoules Ltd 2.94 3.27

Chamunda Exports 1.13 1.25

B & C Machinery Ltd. 6.70 7.44

Sanghi Polyesters Ltd Company 2.41 2.67

Boss Profiles Ltd 5.61 6.23

Relish Snacks Pvt Ltd 1.97 2.19

Kumari Overseas Pvt Ltd & DK Jagannath

Silk Twisting Factory & Group

2.51 2.79

M/s Imrana Leather Exports 2.07 2.30

SBR Agro Products Pvt Ltd 0.98 1.09

RKS Dental Care Products 0.48 0.53

tender document & reserve price for sale of financial assets · tender document & reserve...

Documents