Ingen Capital, Fidelity Trading and Union Quimico Farmacéutica are among the final bidders to acquire distressed firm Orchid Pharma while Liberty House’ bid for bankrupt ABG Shipyard has been rejected by lenders, led by ICICI Bank. In another development, Indian Oil Corp and Bharat Petroleum Corp Ltd are looking to buy a 26 per cent stake each in India’s biggest gas marketing and transportation firm GAIL India Ltd.
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