Sterling Biotech's liquidator invites fresh bids to attract more buyers

Fresh bids have been called to attract more buyers with a new clause that the successful bidder will now have to pay only 20% of the final consideration as upfront money at the time of issuance of the Letter of Intent (LoI). The remaining amount, i.e. 80% of the final consideration, will have to be paid in 90 days from the date of issuance of the LoI to the successful bidder.

from Economic Times https://ift.tt/3pDHktn