"The promoter/acquirer now seek to acquire the balance 5,67,75,318 crore equity shares of INR10 each representing 30.1 per cent of the paid-up equity share capital of the company from the public shareholders of Binani Cement," Binani Industries said in a statement to the Bombay Stock Exchange.
Binani Industries holds the 60.9 per cent stake in the cement making firm. Along with its subsidiaries in Dubai and China , Binani Cement has now 8.75Mta cement making capacity.
