 "SREI")
The deadline for submitting resolution plans for Srei group firms, which are undergoing the corporate insolvency process, has been extended for the third time—to August 10 in the new change.
According to sources, four prospective applicants had requested lenders for an extension of the deadline. Srei administrator Rajneesh Sharma declined to comment. The deadline earlier was July 30.
Arena Investors, LP and VFSI Holdings, an affiliate of Varde Partners, are three resolution applicants understood to be interested in Srei. Varde and Arena declined to comment.
Arena was interested in investing Rs 2,000 crore in Srei Equipment Finance before the Reserve
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