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Total: 42 results found.

18

Apr 2018
Exim Bank contests Dalmia Bharat offer for Binani Cement

Under resolution plan proposed by Dalmia the bank would suffer a haircut

17

Apr 2018
Binani Cement lenders disagree over UltraTech's offer

Unsecured creditor Exim Bank shows support for the bid

16

Apr 2018
Binani Cement lenders call for forensic audit

Creditors question transparency and treatment of smaller players

13

Apr 2018
Binani Cement lenders to discuss UltraTech's bid

Results of the meeting were inconclusive

09

Apr 2018
UltraTech secures conditional support from Binani lenders

Support will depend on decision of the Supreme Court

05

Apr 2018
Binani Cement lenders ask for Supreme Court approval on UltraTech bid

Lenders have also asked UltraTech to make a commitment deposit

02

Apr 2018
Dalmia Bharat prepares for legal battle over Binani Cement

UltraTech is disputing the result of the auction in which Dalmia Bharat was declared the winner

28

Mar 2018
Regulator approves UltraTech bid for Binani Cement

Binani is making an offer outside of the bidding process  ...

24

Mar 2018
UltraTech secures support of some Binani Cement creditors over new bid

Company did not disclosure the names of those creditors

20

Mar 2018
Dalmia Bharat bets on inorganic growth

Binani Cement acquisition is crucial for the company's plans  ...

20

Mar 2018
SBI Hong Kong branch questions sale of Binani Cement

Under the deal with Dalmia Bharat, the branch would only receive a fraction of its loans back

19

Mar 2018
Binani Industries in talks with UltraTech Cement

Binani offered its cement branch in exchange for funds to repay debts  ...

18

Mar 2018
UltraTech to legally contest result of Binani Cement auction

Dalmia Bharat was the winner of that bid

09

Mar 2018
Competition authority gives go ahead to Dalmia's acquisition of Binani

Deal was approved by the Competition Commission of India

07

Mar 2018
UltraTech Cement protests results of Binani Cement auction

Bid was rejected in detriment to Dalmia Bharat

28

Feb 2018
Dalmia Bharat in favorable position to buy Binani Cement

Company's offer may beat the one of UltraTech Cement

24

Feb 2018
UltraTech Cement leads race for Binani Cement

Company has already approached the competition authority over the deal

20

Feb 2018
Binani Cement's future decided in the next week

Winning bidder is currently be decided

20

Feb 2018
Binani Industries wants to participate in Binani Cement's sale

Company requested authorization to participate in the process to the NCLT

19

Feb 2018
Dalmia Bharat places highest bid on Binanin Cement

Final result is not yet known as other criteria have to be evaluated

18

Feb 2018
UltraTech Cement confident in its bid for Binani Cement

Company believes that competition related issues will emerge from a potential deal

15

Feb 2018
UltraTech, Dalmia Bharat leading Binani Cement auction

The two Indian companies have reportedly offered the larger bids

06

Feb 2018
Binani Cement bidders allowed to improve their offers

New auction round will be held by Binani's creditors  ...

05

Feb 2018
Bids for Binani Cement will have to be repeated

Increase in the original liability estimate results in new auction process

18

Jan 2018
JSW Cement makes highest bid for Binani

Company surpassed the bids of UltraTech Cement and other competitors

16

Jan 2018
Binani Cement attracts bid from Radhakishan Damani, Rakesh Jhujhunwala

Two businesspersons partnered to make a joint bid for the cement maker

06

Jan 2018
Courts delay bidding process for Binani Cement

Postponing the bidding process will allow potential investors to visit the company's factory in Dubai

26

Dec 2017
Potential buyers line up for Binani Cement

UltraTech Cement, Shree Cement, and Dalmia Bharat among the bidders

14

Dec 2017
Binani Cement's resolution professional rejects claims

Claims from IDBI Bank, State Bank of India have been refused

06

Dec 2017
Dalmia Bharat to bid on Binani Cement

Cement maker will partner with Piramal Bain Resurgence on the bid

21

Nov 2017
Binani Cement attracts score of possible buyers

Major international players and domestic producers show interest

20

Nov 2017
Edelweiss ARC rejects claims against Binani Cement

Cement maker declared bankruptcy in July 2017

04

Nov 2017
India: Piramal Group interested in Binani Cement

Binani is undergoing a bankruptcy procedure  ...

25

Sep 2017
Binani Industry may wind up for defaulting payment

Binani Industries liable due to defaulting on payment  ...

07

Aug 2017
Binani Cement attracts possible buyers

The company is undergoing bankruptcy

26

Jul 2017
Insolvency petition moved against Binani Cement

Bank of Baroda is responsible for the petition

17

Aug 2016
India: Binani Group may setup a cement plant in Nepal

The company is in talks with Nepal’s officials

10

Aug 2016
India: Binani Group to invest in West Bengal

The company seeks to promote growth in the region

14

Jun 2016
India: Indian Overseas Bank to sell Binani Cement’s non-performing assets

The move may help in reconstruction of the company

13

Dec 2015
India’s appellate tribunal cancels penalty on cement firms

The penalty was imposed by CCI on cartelization of cement

13

Dec 2015
India’s appellate tribunal cancels penalty on cement firms

The penalty was imposed by CCI on cartelization of cement

03

Aug 2015
Loans of India’s Binani Cement restructured

Cement sector continues to remain under pressure

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