Promoters up stake in Binani Cement

Promoters up stake in Binani Cement
Published: 07 September 2010

The promoters of Binani Cement have invested Rs130 crore for buying back 1.45 crore shares at Rs90 per share to increase their stake to 69.9 per cent from 64.9 per cent. The company has communicated with the Securities & Exchange Board of India regarding the development. It had received 639 applications for 1.96 crore shares for the buyback offer.