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Textiles Wholesale Company for Sale in New Delhi, India

A listed shell company with nil assets and liability for acquisition.
This transaction has concluded.
This Business is on a Premium Plan
Established 30-40 year(s)
Employees < 2
Legal Entity Public Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Textiles Wholesale + 1 more
Locations  New Delhi
Local Time 8:57 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 23.7 thousand (Native Currency: INR 2,000,000)
Reason: The court has directed to sale of the company under the Indian Insolvency and Bankruptcy Code, 2016.
Documents
Business Overview
- Inoperative textile business based in Delhi.
- The business operations have been suspended for the past 2 years.
- It is listed on the Metropolitan Stock Exchange of India.
- There are no debts or liabilities that will be passed on to the new buyer by virtue of the Court Order.
- 100 % shareholding will be transferred and the same later on can be reduced as per SEBI norms.
- The acquisition will also get approved from the NCLT court thereby no previous non-compliance or dues will be passed on to the new acquirer.
- The new object clause in the MOA can be made to suit the buyer's need.
- Can be easily taken to BSE/NSE by doing some formalities.
Products & Services Overview
Dealing in wholesale of textile. The business operations have been suspended for the past 2 years.
Assets Overview
No assets. 100 % shareholding will be transferred.
Facilities Overview
There is no facility available for the business.
Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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