Page 3 - Binani Cement

Resolution professional alleges fraud by Binani Cement promoters

UltraTech says bidding for Binani Cement should be called off

Binani Industries steps up pleas against its cement unit resolution

Binani Cement may file a fresh petition against the CoC for accepting the resolution plan of Dalmia Bharat Cement

Creditor's panel to take call on Dalmia's Binani Cement resolution plan

Despite UltraTech Cement raising its bid to Rs. 69 billion to outmatch the one quoted jointly by Dalmia Bharat Cement and Bain Capital's Resurgent India Fund of Rs. 67 billion in the quest to acquire Binani Cement, the former's resolution plan is poised to be placed before the Committee of Creditors (CoC) for voting early next week.A source aware of these developments said, "Usually, it is seen that if the CoC voting is in favour of the resolution plan, it approaches the NCLT for final approval in 2-3 days" adding that once a bidder is selected by the CoC, any subsequent higher or other secondary bids cannot be considered."In the CoC meeting, the resolution plan put forward by Dalmia Bharat Cement and Bain Capital's Resurgent India Fund has got the official approval thereby making it the H1 bidder. Once it is accepted, it is deemed to be closed and changes cannot be made", the source said furthering that bids can be quoted and modified only at the initial stages of application and ...

Jhunjhunwala, Damani offer to match all competing bids for Binani Cements

Stock market czars want to turnaround the company within a year

Aditya Birla, Piramal-Bain, Shree make aggressive bids for Binani Cement

Could be the first stressed firm to be sold at a price higher than its debt