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ULTRATECH BINANI
Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capexAmbuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Ca...- UltraTech crosses 200 million tonne capacity in IndiaUltraTech Cement has achieved a significant milestone, crossing 200 million tonnes in production capacity in India. This expansion solidifi...
- Ultratech Cement makes Binani its subsidiaryThe board of Binani Cement has also been reconstituted, Ultratech told the stock exchange.
- Supreme Court rejects plea to halt Binani Cement’s resolutionDalmia Bharat’s grounds to object to UltraTech stem from an agreement under which Binani Industries signed to sell 98.4% of its stake in Bi...
- Have got LoI from Binani lenders to acquire it, says UltraTechThe Committee of Creditors (CoC) of Binani Cement on May 28 approved the resolution Plan submitted by UltraTech Cement, it said in a regula...
- 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...
- 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.
- Dalmia Bharat alleges Ultratech acting ‘in concert’ with promoters of BinaniAs loan defaulters, the Binani promoters are themselves barred from bidding under the clause. However, both UltraTech and insolvency lawyer...
- 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 lenders want Supreme Court stamp for UltraTech dealBankers also decided that they will be asking UltraTech to pay a deposit of Rs 750 crore as a proof of its commitment toward the deal.
- Last-minute $1.1 billion Birla bid entertained by Binani lendersThe move would overturn a decision the lenders made last month to support an offer from a rival consortium that includes Dalmia Bharat Ltd.
- NCLAT allows parties to settle dispute over Binani Cement saleA two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya gave liberty to the parties, to settle the case amicably.
- Lenders to mull over Binani Cement’s out-of-court settlement pleaAccording to the agreement between Binani Industries and UltraTech, the former would sell its 98.43% shareholding in the cement business to...
- UltraTech Cement gets competition regulator's nod for Binani bidThe bidding process for Binani Cement was overseen by National Company Law Tribunal (NCLT), which deals with insolvency and company dispute...
- 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...
- UltraTech googly puts Dalmia, Binani lenders on backfootUltraTech told stock exchanges that it will issue a comfort letter to provide Rs 7,266 crore to Binani Industries to end insolvency proceed...
- Binani Cement creditors pick Dalmia BharatBinani Cement was referred to bankruptcy court by Bank of Baroda.
- Binani buy doesn’t defy CCI Rules: UltraTech CFOCCI has looked at a minimum of two states and a maximum of six states that are associated with the plant state in terms of inflow and outfl...
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