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Latest News on Binani Cement
Showing of 0 - 10 from 21 results
Binani Cement - Total results - 21
Jun 20, 2019
Haircuts for operational creditors are at par with financial creditors, says Icra reportOperational creditors would realise about 42% of the total claims for the 92 corporate insolvency resolution plans that have yielded a resolution plan, which is in line with the 44 percent for financial creditors
Nov 26, 2018
IFCI gets Rs 492 cr towards security receipts under IBC resolution plan for Binani CementOn November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement
Nov 22, 2018
UltraTech to incorporate Binani Cement as subsidiary; acquisition gives firm access to top quality limestone reservesUltraTech Cement said on Wednesday its board has approved a proposal to incorporate Binani Cement as it a wholly-owned subsidiary.
Nov 19, 2018
SC upholds NCLAT order allowing UltraTech to acquire Binani Cement, rejects Dalmia Bharat group firm’s pleaThe Supreme Court upheld the NCLAT's last week order which had allowed the Aditya Birla group firm to acquire Binani Cement by approving its revised Rs 7,950.34 crore bid.
Nov 15, 2018
NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia BharatIn approving UltraTech's resolution plan for Binani, which was auctioned to recover unpaid bank dues, the NCLAT may have set a precedence as it favoured a proposal that not just paid the financial lenders but also operational creditors.
Jul 19, 2018
Kumar Mangalam Birla says all is not rosy for economy, warns of near-term headwindsBirla said rising oil prices, spiralling inflation, firming bond yields and a widening current account deficit are areas of concern
Jun 04, 2018
Binani Cement insolvency: Supreme Court says CoC can consider revised Ultratech offer but can't take final decisionRefusing to debar Binani Cement's CoC from carrying on with further proceedings, the court said that "no final order may be passed"
May 29, 2018
Binani Cement lenders vote in favour of UltraTech's Rs 7,960 cr offer; override CoC decision favouring Dalmia BharatUltraTech now becomes the H1 bidder, replacing Rajputana Properties - the bidding company for the Dalmia Bharat-led consortium
May 21, 2018
Ultra Tech to acquire Century Textiles and Industries' cement business through share swap dealAditya Birla Group firm UltraTech said it would acquire cement business of BK Birla Group company Century Textiles and Industries through a share swap deal
May 16, 2018
Binani Industries offers to settle all claims of bankrupt cement subsidiary's debtors at NCLAT within two weeksNCLAT had on Tuesday directed RP of Binani Cement not to decide on the eligibility of the bidders, but just to pass on the revised resolution plans in sealed covers to the CoC.