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Latest News on Binani Industries
Showing of 0 - 10 from 8 results
Binani Industries - Total results - 8
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.
May 03, 2018
Binani Cement insolvency: NCLT asks CoC to consider UltraTech's revised offer; Dalmia 'surprised' by orderThe NCLT bench also asked the CoC to reconsider resolution plan of Rajputana Properties Pvt Ltd (RRPL), if the Dalmia Bharat Group firm, was willing to raise its offer more than UltraTech's bid.
Apr 16, 2018
UltraTech ups the stakes with improved Rs 7,990 crore offer for beleaguered Binani CementUltraTech Cement tabled a fresh offer, for Binani, to the resolution professional on 14 April. But, a new problem seems to have surfaced.
Apr 09, 2018
Binani Industries to move Supreme Court with Rs 7,618 cr offer, has assurance of support from most lenders, says coBinani, backed by Aditya Birla groups UltraTech Cement, has already received comfort letter for financial support.
Apr 05, 2018
Binani Cement's Committee of Creditors to stick with Rs 6,350 cr offer from Dalmia CementThe CoC did not approve the offer from its promoters Binani Industries, which is pitching for Rs 7,266 crore offer from the Aditya Birla Group firm UltraTech Cement, due to legal implications, sources said.
Mar 27, 2018
NCLT asks lenders to consider Binani Industries application, suggests out-of-court settlementNCLT asked the CoC whether it could consider application filed by Binani Industries, the parent company of Binani Cement, for a settlement outside tribunal
Mar 19, 2018
UltraTech to pay Rs 7,266 crore for 98.43% stake in Binani Cement, seeks end to insolvency proceedingsUltraTech said in a statement that Binani Industries Ltd (BIL) - the promoter firm of Binani Cement Ltd - had approached it for arranging funds to pay-off the lenders
Feb 04, 2012
M&A Wrap up: Binani Industries buys Belgian fibre glass firmAajaneya Lifecare has acquired Hyderabad based Apex Drugs and Intermediates for Rs250 crore.