A number of businesses have shown interest in purchasing Arshiya Ltd., a publicly traded supply chain and logistics infrastructure company that is presently going through corporate insolvency resolution. These businesses include Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks, and Transindia Real Estate Ltd.
Investors like Authum Investment & Infrastructure Ltd, Dickey Alternative Investment Trust, and Finquest Financial Solutions Pvt Ltd have also expressed interest in the business. With secured creditors owing roughly Rs 3,082 crore and unsecured creditors claiming roughly Rs 3,544 crore, Arshiya’s total admitted liabilities surpass Rs 6,647 crore. Arshiya, which has its headquarters in Mumbai, specializes in supply chain and integrated logistics infrastructure solutions. The business creates, runs, and oversees warehousing and free trade zones (FTWZs). Arshiya is the biggest private container train operator with a footprint throughout India and the only free zone developer with two active FTWZs. It also has six rail loop lines and the only private inland container facility.
A wide range of bidders have been drawn to the company’s advantageous asset locations. It also has seven warehouses with a total leasable space of about 1.16 million square feet and a container yard that can hold about 6,000 containers. In April of last year, Arshiya filed for bankruptcy after Punjab National Bank filed a petition alleging a default of Rs 193 crore.
