Searched for
DALMIA CONSORTIUM
Bankruptcy court approves Himadri-Dalmia plan for Birla TyresThe bankruptcy court has approved the proposal for Himadri Speciality Chemical and Dalmia Bharat Refractories to acquire Birla Tyres. The c...- IFC invests $100 million in Piramal-Bain joint ventureThe consortium had backed JSW to bid for Bhushan Steel. Finally, Tata Steel took over Bhushan Steel by settling about Rs 35,200 crore of th...
- Binani Cement lenders vote in favour of UltraTech bidLenders, led by Bank of Baroda, unanimously agreed to choose UltraTech over Dalmia Bharat consortium which did not revise its initial offer...
- Lenders to meet today to decide Binani’s fateLenders said the meeting is significant in the backdrop of Dalmia Bharat’s decision not to revise its original offer of Rs6,350 crore while...
- Dalmia Bharat not to revise bid for Binani CementNCLAT today declined to order a status quo on the bids to maximise the offer for debt-ridden Binani Cement by the two resolution applicants...
- UltraTech offers revised bid of Rs. 7,840 crore for Binani cementLenders expected to take a call today; Dalmia Bharat less likely to revise offer.
- Resolution Professional allows representation of Binani's operational creditorsOperational creditors are allowed if their exposure is at least 10 per cent of the debt, which is not the case for Binani Cement.
- Binani CoC likely to discuss UltraTech bid on May 9Cement, which is Rs 1021 crore more than of Dalmia consortium.
- NCLT orders Binani Cement lenders to consider UltraTech bidThe NCLT had on April 24 reserved its order on the ongoing corporate insolvency resolution process of Binani Cement.
- UltraTech sweetens Binani bid, raises offer to Rs 7,990 croreUltraTech also contended that it will cover the interest lenders had to forgo from the day Binani Cement was admitted to bankruptcy court.
- Binani lenders decide to back UltraTech if it gets SC go-aheadThe banks have extended support to UltraTech’s bid, seeking indemnity from Binani Industries against any potential litigation by a consorti...
- Binani Cement says followed processes diligently, case adjourned till March 27As many as 14 applications were made at Kolkata’s bankruptcy courts involving the resolution plan for Binani Cement, which is facing insolv...
- SBI Hong Kong branch challenges Binani Cement resolutionSBI’s Hong Kong branch had given a loan to a subsidiary of Binani Cement.
- Banks real winner in Binani resolution: Puneet DalmiaThe resolution plan of Dalmia Bharat IRF consortium achieved CoC approval in 233 days, which is the fastest so far for a billion-dollar tra...
- Binani Cement creditors pick Dalmia BharatBinani Cement was referred to bankruptcy court by Bank of Baroda.
- UltraTech to raise Binani bid by Rs 700 croreThe Aditya Birla Group-owned firm will offer Rs 7,200 crore for Binani even as the bankrupt firm's committee of creditors approved Dalmia-c...
- Dalmia consortium cements position to acquire BinaniLenders went with Dalmia-led consortium's bid as it fulfilled all conditions including an approval from the CCI for the acquisition of Bina...
- Binani Industries gains 2% after lenders pick Dalmia-BainBenchmark BSE Sensex came down 160 points, or 0.47 per cent, to 34,186.
- Dalmia Bharat consortium emerges as highest bidder for Binani CementThis will probably the first debt resolution under the bankruptcy court where lenders won't have to take any haircut on the loans outstandi...
- Dalmia Cement to set up plants in Karnataka, RajasthanDalmia Cement, South India’s second largest cement maker, has raised over Rs 3,100 crore ($660 million) in debt through a consortium of ban...
Load More
