A consortium of lenders led by State Bank of India plans to sell a plant of ANG Industries Limited(BSE:530721) for at least INR 174.89 million and has mandated SBI Capital Markets (SBI CAPS) to look for a buyer, a bid document showed. “SBI Capital Markets Limited (SBICAP) has been mandated by SBI on behalf of consortium of lenders, to identify an interested bidder (“IB”) for sale of a plant ANG Industries Ltd situated at address 19-A, Udyog Vihar, Greater Noida, Uttar Pradesh, under a slump sale method,” it said. Other lenders in the consortium are Bank of Baroda, Development Credit Bank, Yes Bank. Lenders and the company have already received a binding bid of INR 175 million from one of the interested parties. However, SBI has proposed to run a Swiss Challenge process to allow other interested parties to be part of the above sale process. The Exchange has sought clarification from ANG with respect to recent news item captioned ''SBI plans to sell manufacturing plants of ANG industries''. In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following, whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company and whether company is aware of any information that has not been announced to the Exchanges under regulation 30 of Listing Regulations. The response from ANG is awaited.