McNally Bharat Engineering

The three are among 17 entities to have shown interest in the Khaitan-owned Williamson Magor group firm, which is said to owe over Rs 3,700 cr various creditors

In July, NARCL had proposed to take distressed assets of 17 firms worth Rs 93,249 crore including included five firms of the Future Group

Williamson Magor Group, which owns the firm, confirmed the development but indicated that options for resolution were still being looked at

The Burman group on acquiring control intends to be a "promoter" of Eveready

MBEL has roped in a consortium of investors led by Turbovent Industries as a strategic investor in the company and due diligence is underway currently

All major listed entities of B.M. Khaitan Group posted revenue decline in Q1

In the last fiscal year, McNally Bharat and one of its subsidiaries was unable to discharge its obligation for repayment of loans and settlement of other financial and non-financial liabilities

EMC is the company with which McNally Bharat Engineering had previously vied for a merger