Ultratech's subsidiary UltraTech Nathdwara Cement takes over 3B Binani Glassfibre SARL

Ultratech said, till the time, UNCL can recover its loan, the investment in 3B will be treated as an investment held for sale....

India Infoline News Service | Mumbai 15:05 IST | March 15, 2021

UltraTech Cement Q1FY20E Result Expectation

Company is expected to report 15.1% yoy growth in revenue led by ~10% yoy volume growth; ramp-up of Binani Cement plants to aid the volume growth....

India Infoline News Service | Mumbai 08:57 IST | August 08, 2019

Binani Cement is now Ultratech Nathdwara Cement Limited

With the acquisition, Ultratech Cement capacity in the northern region will be enhanced to 24MTPA....

India Infoline News Service | Mumbai 10:04 IST | December 14, 2018

IFCI receives ~Rs492cr from Binani Cement upon resolution through NCLT

The company was holding 42,16,850 security receipts of Binani Cement of face value Rs1000 each....

India Infoline News Service | Mumbai 20:12 IST | November 26, 2018

UltraTech makes Binani its subsidiary, pays off all dues

Total claims verified and admitted by the Resolution Professional (RP) at the time when BCL was admitted in NCLT was Rs6,469cr, however, the total payout stands at ~Rs6,850cr...

India Infoline News Service | Mumbai 07:25 IST | November 21, 2018

UltraTech gains after SC upholds sale of Binani Cement

Dalmia Bharat had argued that Ultra Tech could not revise the offer; however, after hearing out UltraTech, SC decided to reject the appeal....

India Infoline News Service | Mumbai 14:51 IST | November 19, 2018

Ultratech gets NCLAT nod to acquire Binani Cement

UltraTech had offered to pay Rs7,950cr for Binani assests; Dalmia Bharat to appeal in the higher court...

India Infoline News Service | Mumbai 11:42 IST | November 14, 2018

Binani Cements lenders voted in favor of UltraTechs ~Rs7,950cr offer

The UltraTech Bid is ~Rs1,000cr higher than the Dalmias offer....

India Infoline News Service | Mumbai 09:38 IST | May 29, 2018

NCLT allows CoC to consider revised bid of UltraTech

Dalmia Bharat unwilling to revise its offer; next hearing by NCALT scheduled for July 10....

India Infoline News Service | Mumbai 08:55 IST | May 23, 2018

NCLT directs Binanis creditors to consider revised offer from UltraTech

The Kolkata bench has asked UltraTech to place a fresh bid for Binani Cement in three days; extended resolution process till June 24...

India Infoline News Service | Mumbai 09:08 IST | May 03, 2018

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