Weeks after the National Company Law Tribunal, Kolkata, admitted an insolvency plea against Binani Cement filed by Bank of Baroda, ET NOW learns that top domestic cement players are making a beeline for the sought-after assets of the Brij Binani Group company in a bid to bolster their pan-India presence and a strike a potential value buy, multiple sources familiar with ongoing negotiations told ET NOW on the condition of anonymity.
“This is one of the best cement assets in the country and multiple cement companies like Ultratech Cement, Shree Cement, Nirma, Dalmia Bharat, JSW cement and My Home Industries have reached out to the lenders and expressed preliminary interest in Binani Cements. There is a lot of interest in the company an…
Read the full article at: http://economictimes.indiatimes.com/industry/indl-goods/svs/cement/top-cement-players-eyeing-binani-cement-assets-post-insolvency-nod-by-nclt/articleshow/59955851.cms
