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Gail to acquire debt-ridden JBF Petrochemicals as lenders approve transaction

Gail to acquire debt-ridden JBF Petrochemicals as lenders approve transaction

Oct 19, 2022, at 02:44 am

New Delhi: India's leading gas trading, transmission, and petrochemicals company Gail Ltd has received the letter of intent from lenders, paving the way for the public sector firm to acquire the debt-ridden JBF Petrochemicals through the insolvency route, media reports said.