The NCLT Mumbai bench has approved the Dalmia Cement (Bharat) offer for debt-laden Murli Industries, but has outlined certain changes to the plan that the winning bidder must make to prevent the company from going into...
LafargeHolcim sells Philippines business in $2.15 billion deal
LafargeHolcim has agreed to sell its Philippines operations in a deal valuing them at $2.15 billion, the world’s largest cement maker said on Thursday, as it continues to sell off units in fringe markets. The Swiss...
CCIL invites bid from investors for non-operating unit in MP’s Nayagaon
Cement Corporation of India Ltd (CCIL) has initiated the process of sale of one of its non-operating units Nayagaon Cement Factory and has invited bids from potential buyers. Entities, joint ventures or consortia with a...
Jaypee Infratech lenders extend deadline till February 15 for resolution plans
Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden realty firm, according to a regulatory filing...
Binani Cement: Dalmia Bharat again knocks on Supreme Court’s door to seek judicial review
Rajputana Properties, a group company of Dalmia Bharat, has approached the Supreme Court, seeking review of the apex court’s judgment which had dismissed its plea challenging the National Company Law Appellate...
JK Cement launches QIP to raise ₹600 crore for capex
JK Cement Ltd on Monday launched a qualified institutional placement offering (QIP) to raise funds from institutional investors for its capital expenditure. A QIP is a capital-raising tool through which listed companies...
JSW Cement eyeing acquisition of stressed assets
JSW Cement, which is planning to raise capacity to 20 million tonne per annum by 2020, has said it is eyeing acquisition of stressed cement assets as part of its strategy to expand capacity and capitalise on growing...
Binani Cement goes to UltraTech: What now for Dalmia Bharat?
The tug of war between UltraTech Cement Ltd and Dalmia Bharat Ltd over the acquisition of Binani Cement Ltd has finally ended. Effective 20 November, Binani Cement is a wholly-owned subsidiary of UltraTech Cement...
Ultratech Cement makes Binani its subsidiary
A day after the apex court cleared its bid for Binani CementNSE 0.00 %, Ultratech CementNSE -0.01 % announced that the Braj Binani group flagship company has become a subsidiary of Ultratech. The board of Binani Cement...
Supreme Court upholds UltraTech’s Binani Cement acquisition bid
In a victory for UltraTech Cement Ltd, the Supreme Court on Monday upheld an order of the National Company Law Appellate Tribunal (NCLAT) approving its revised ₹7,900 crore bid to buy debt-laden Binani Cement Ltd. While...
Dalmia Cement (Bharat) moves Supreme Court against NCLAT order; hearing on Monday
Dalmia Cement (Bharat) petitioned the Supreme Court on Thursday, challenging the appellate tribunal’s ruling that upheld UltratechNSE 1.28 %’s plan for Binani CementNSE 0.00 % and rejected Dalmia’s...
NCLAT Approves UltraTech’s Revised Bid of 7,950 crore for Binani Cement
The National Company Law Appellate Tribunal ( NCLAT) on Wednesday approved UltraTech’s revised bid of ₹7,950 crore for debt-laden Binani Cement, calling Dalmia Bharat’s offer for the asset “discriminatory” against...
