UltraTech announces new bid for Binani Cement
UltraTech Cement announced its intention to take over Binani Cement on Monday, with an offer of INR72.66bn (US$1.11bn). The new offer follows Dalmia Cement's claim that its INR6...
Binani Industries
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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...
India: Dalmia Bharat and Shree Cement to battle for Binani Industries
Dalmia Bharat and Shree Cement are among at least three companies that have expressed interest in buying Binani Industries’ subsidiary Binani Cement's 6.25Mta cement manufacturi...
Binani Industries plans to sell 40% stake in cement arm, India
Binani Industries in talks to sell up to a 40 per cent stake in its subsidiary Binani Cement to raise capital to cut debt and expand cement capacities. The company is said to be...