Latest News on Ultratech
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Ultratech - Total results - 33
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 29, 2018
UltraTech Cements gets Competition Commission's nod to acquire Binani CementUltraTech Cement last week said it will buy loan defaulter Binani Cements stressed assets by providing Rs 7,266 crore to its parent company, Binani Industries.
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 21, 2018
UltraTech says some Binani Cement creditors back its $1.1 billion bid outside of bankruptcy processUltraTech said it had secured backing from some creditors of Binani Cement to buy firm for $1.1 billion outside of a bankruptcy process
Mar 20, 2018
Nifty snaps 4-day fall, up 30 points to 10,124 mark ahead of US Fed meet; IT stocks rise 1.51%The market breadth, indicating its overall health, remained negative as a total of 691 scrips advanced and 1,124 declined.
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
Jan 16, 2018
Rakesh Jhunjhunwala, Radhakishan Damani battle it out with big industry players to bid for Binani CementThe banks had claimed Rs 3,884 crore unpaid loans due on Binani Cement that included borrowings from the SBI, Canara Bank and Bank of Baroda.
Oct 17, 2016
UltraTech Cement Jul-Sep qtr net profit rises 25% at Rs 613.64 cr on lower expensesUltraTech Cement's total expenses declined to Rs 5,624.16 crore, over Rs 5,972.39 crore in the year-ago period