Videocons businesses, especially in consumer electronics and home appliances segment, are dependent on each other, according to State Bank of India. Photo: Pradeep Gaur/Mint
Mumbai: The State Bank of India (SBI) wants to appoint an adviser to liaison among the separate resolution professionals (RPs) and prospective bidders for the 15 Videocon group entities that it referred to the National Company Law Tribunal (NCLT), according to a public notice.
The bank has mandated SBI Capital Markets to look for this common process adviser.
According to the notice, the adviser will need to coordinate among the committees of creditors and resolution professionals of the 15 companies and be the single point of contact for the prospective bidders on beha…
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