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Dalmia Cement gets CCI nod for the acquisition of Binani Cement

Dalmia Cement's bid for Binani was the best received by the resolution professional and the committee of creditors

BS reporter 

Insolvency issues: Lenders pick Dalmia Bharat for Binani Cement

The Competition Commission of India (CCI) has approved the acquisition of Cement by This is the first acquisition under the that has been cleared by the CCI. Dalmia Cement’s bid for was the best received by the resolution professional and the committee of creditors. According to the Code, by the end of the 180-day moratorium period, a firm can be acquired after presenting a resolution plan, failing which the company will go in for liquidation.

First Published: Thu, March 08 2018. 00:46 IST
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