SC refuses out of court settlement for Binani; big blow to UltraTech

We believe this is a setback for UltraTech as now Dalmia Bharat stands a clear winner of the Binani Cement assets....

India Infoline News Service | Mumbai 12:44 IST | April 13, 2018

Judge says NCLT should continue Binani process under IBC: Dalmia

Dalmia Cement Bharat Group CEO Mahendra Singhi said the judge has asked Kolkata NCLT to proceed as per Sections 30 and 31 of the IBC Act....

India Infoline News Service | Mumbai 19:50 IST | April 05, 2018

Uncertainty continues on Binani Cement's insolvency

The meeting of CoC yesterday to discuss out-of-court settlement remained inconclusive, as per media reports...

India Infoline News Service | Mumbai 08:39 IST | April 05, 2018

NCLT suggests out-of-court settlement in Binani insolvency case

Though NCLT emphasised that it is a suggestion and not an order, this development can be in favour of UltraTech...

India Infoline News Service | Mumbai 15:03 IST | March 27, 2018

The Binani Cement Saga - UltraTech and Dalmia on battleground

We all are witnessing the continuous twists and turns in the Binani Cement (BCL) bidding so far which is getting intense. The question is Why UltraTech and Dalmia Bharat are showing desperation?...

India Infoline News Service | Mumbai 15:09 IST | March 21, 2018

New twists and turns in the Binani Cement assets sale

DBL provides performance bank guarantee of 10% for upfront payment to lenders, RP alleges fraudulent transactions in Binani Cement...

India Infoline News Service | Mumbai 09:08 IST | March 21, 2018

Sensex up 150 points; gains in IT, oil and gas stocks

Indices continue to trade higher with the Nifty50 above 10,150 mark led by IT, pharma, bank, auto, oil and gas stocks....

India Infoline News Service | Mumbai 12:12 IST | March 20, 2018

Top stocks in focus today: UltraTech, MMTC, Granules, Future Retail

These companies will be in focus during trade today based on recent and latest news developments....

India Infoline News Service | Mumbai 09:18 IST | March 20, 2018

Binani Industries seeks termination of insolvency proceedings, approaches UltraTech for funds

UCL has concluded commercial understanding with BIL to purchase 98.43% of shareholding of BCL, subject to IBC proceedings termination...

India Infoline News Service | Mumbai 17:19 IST | March 19, 2018

Dalmia Bharat receives approval from CoC for Binani acquisition

Binani Cement stock is up by 5% on the newsflow; final decision from NCLT awaited...

India Infoline News Service | Mumbai 09:30 IST | March 15, 2018

UltraTech ups the bid amount for Binani Cement by Rs700cr

UCL has now increased its offer by another Rs700cr to pay 100% dues of all non-financial creditors...

India Infoline News Service | Mumbai 08:46 IST | March 09, 2018

UltraTech moves to NCLT seeking explanation for rejection of its bid for Binani

Binani Industries has also moved to the NCLT regarding the valuation of its assets pegging the actual valuation at 17,294cr...

India Infoline News Service | Mumbai 09:03 IST | March 07, 2018

Dalmia Bharat outbids UltraTech in the race for Binani Cement assets

This is the first insolvency case where bankers will not have to take a haircut on their loans, Dalmias bid values the assets at ~$150/tn...

India Infoline News Service | Mumbai 09:06 IST | February 28, 2018

Dalmia Bharat consortium offers highest Rs6,300cr for Binani Cement

Race got tougher for Rakesh Jhunjhunwala, as Dalmia Bharat offered higher amount than UltraTech Cement...

India Infoline News Service | Mumbai 09:10 IST | February 21, 2018

UltraTech and Dalmia Bharat in last leg of race for Binani Cement

Both the bidders have submitted similar bids of ~Rs6,000cr each for the Binani Cement...

India Infoline News Service | Mumbai 08:43 IST | February 19, 2018

Cement majors and Piramal-Bain in race to acquire stressed Binani Cement

Binani Cement is expected to have received bids higher than its total debt...

India Infoline News Service | Mumbai 11:44 IST | December 26, 2017

Dalmia Bharat to bid for debt laded Binani Cement with Piramal Bain fund

Binani Cement has a total capacity of 6.25mtpa in Rajasthan.pegged at an EV of Rs6,000cr...

India Infoline News Service | Mumbai 08:43 IST | December 06, 2017