Sterling Biotech Ltd. News and Updates

Keep track of all breaking news on Sterling Biotech Ltd. from all sources in a single place.

19 Dec 2024

Sterling Biotech begins work on precision fermentation dairy protein plant in Gujarat

Business Line

Designed to serve as a large-scale production hub for sustainable dairy proteins, the facility has already secured significant bookings, indicating strong market demand

Sterling Biotech Ltd.

22 Mar 2022, 07:40PM

Sterling Biotech bank fraud case: ED attaches assets worth over Rs 20 crore

Business Today

Vadodara-based Sterling Biotech group is owned by brothers Nitin Sandesara and Chetan Sandesara.

Sterling Biotech Ltd.

26 Oct 2021

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

Economic Times

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.

Sterling Biotech Ltd.

24 Aug 2021

The rise and fall of Sandesara brothers and Sterling Biotech

Business Today

At a group level, Sterling has a debt in excess of Rs 15,000 crore. With the banks resigned to a huge haircut on loans of over Rs 8,000 crore, the future of this company is at best unknown

Sterling Biotech Ltd.

03 Jul 2021

Assets of Ahmed Patel's son-in-law, Dino Morea, DJ Aqeel attached under PMLA

Moneycontrol

The money-laundering case pertains to the alleged Rs 14,500-crore bank-loan fraud said to have been perpetrated by Sterling Biotech and its main promoters and directors.

Sterling Biotech Ltd.

28 Sep 2020

Sterling Biotech case: Sandesara brothers accused of bank fraud, money laundering

Business Today

Sandesara brothers, promoters of Gujarat based Sterling group, were declared fugitive economic offenders by a Delhi court on Monday

Sterling Biotech case: Sandesara brothers declared fugitive economic offenders by court

Business Today | 28 Sep 2020

Sterling Biotech Ltd.

07 Jul 2020

ED a step closer to securing fugitive economic offender tag on Sandesaras

Economic Times

A court of an additional district and sessions judge in Delhi has now posted the matter for final arguments by ED and the accused to decide whether to declare Sterling Biotech MD Nitin Jayantilal Sandesara and others as fugitive economic offenders.

Sterling Biotech Ltd.

03 Jul 2020

Sterling Biotech case: ED questions Ahmed Patel third time

Economic Times

He was questioned for over eight hours on Thursday. Patel was earlier questioned on Tuesday for 10 hours and for eight and a half hours on June 27 for the first time.

ED questions Congress leader Ahmed Patel for third time in PMLA case

Business Standard | 02 Jul 2020

Sterling Biotech Ltd.

27 Jun 2020

ED questions Ahmed Patel in Sandesara brothers PMLA case

Business Line

The case pertains to the alleged 14,500 crore bank loan fraud that is said to have been perpetrated by the Sterling Biotech and its main promoters.

Sterling Biotech Ltd.

22 Sep 2019, 11:58PM

Sterling Biotech case: Appellate authority upholds IBC over PMLA

Business Standard

The Resolution Professional of Sterling Biotech's subsidiary, PMT Machines, had approached the appellate authority with a plea that the properties were incorrectly attached by the ED

Is Sterling Biotech Ltd. worth buying?

17 Votes:

Buy 58.82%

Sell 17.65%

Hold 23.53%

RESEARCH REPORTS

Sterling Biotech Ltd. News and Updates

Keep track of all breaking news on Sterling Biotech Ltd. from all sources in a single place.

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