UltraTech and Dalmia Bharat highest bidders in Binani Cement deal
UltraTech Cement and Dalmia Bharat-Bain Piramal Resurgence Fund consortium are leading the bids for Binani Cement, according to Indiainfoline. Both partieshave submitted bids of...
Binani Cement
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JSW Cement to bid on Binani Cement
JSW Cement Ltd will partner with a global equity firm to bid for Binani Cement, according to The Hindu BusinessLine. It is expected that as many as 11 industry players, includin...
Deadline for bidding on Binani Cement extended
The deadline for bidding on Binani Cement, which is currently undergoing the bankruptcy process, has been extended until 15 January 2018, reports DNA India. The Rajasthan-based ...
UltraTech Cement
UltraTech Cement is one of an estimated 15 companies expressing an interest in purchasing Binani Cement, an Indian cement producer facing bankruptcy. Part of the largest BRAJ Bi...
How has Binani Cement ended up facing insolvency?
The interest in the insolvency-stricken Binani Cement has been mounting since the summer and large investors are now lining up to bid for the portfolio of cement plants in India...
Binani Cement sale attracts multinationals and local producer interest
Binani Cement has attracted interest of as many as 15 bidders, say senior officials at the comapny, including CRH, Lafarge and Heidelberg Cement as well as local players India C...
Binani Cement insolvency petition by Bank of Baroda admitted by NCLT
The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday admitted an insolvency petition against Binani Cement based on a referral by one of its lenders, Bank of...
India: Binani Compat appeal dismissed
India’s Competition Appelate Tribunal (Compat) has dismissed the appeal of Binani Cement seeking waiver of the direction to deposit with it 10 per cent of the total penalty amou...
Competition Commission of India imposes US$944m fine for cartelisation
The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competi...
Plans to convert Binani Cement debt into equity
Lenders to India’s Binani Cement are planning to convert a total debt of INR30bn in the company to equity.