Dalmia Bharat draws closer to taking over Birla Tyres

Dalmia Bharat group is set to acquire Birla Tyres after creditors approved their resolution plan. The plan proposes partial repayment of ₹1,100 crore of bank loans of the BK Birla group company. The resolution offer made by Dalmia Bharat Refractories was cleared by over 75% of creditors of Birla Tyres.

from Auto-Industry-Economic Times https://ift.tt/MFTmUr7