26/7/2024, 9:30:03 am

NCLT approves Alchemist Infra Realty's acquisition by Vantage Point Asset

The Delhi bankruptcy court has approved the acquisition of Alchemist Infra Realty Ltd by Vantage Point Asset Management Pte Ltd for around Rs 470 crore. The company's resolution professional had received claims of Rs 1,293 crore and admitted claims of Rs 947 crore. The acquisition value is higher than the firm's fair market value of Rs 380 crore and liquidation value of Rs 302 crore.