Nyssa Corporation Submits Amended Resolution Plan to NCLT Ahmedabad for Sick Unit Acquisition in Gujarat

Nyssa Corporation Limited has forwarded an amended resolution plan to the National Company Law Tribunal (NCLT) Ahmedabad Bench, aiming to acquire a financially distressed unit in Gujarat. This strategic move aligns with the company's expansion objectives and commitment to revitalizing underperforming assets. The acquisition is anticipated to enhance Nyssa Corporation's operational capabilities and market presence within the region. The outcome now depends on the NCLT's review and approval of the proposed resolution plan.

Source: Nyssa Corporation Limited