Binani Industries Gains On Reports Of Dalmia’s Winning Bid For Cement Unit

Gold Silver Reports (GSR) – Binani Industries Gains On Reports Of Dalmia’s Winning Bid For Cement Unit — Shares of Mumbai-based company were locked in a 5 percent upper circuit at Rs 101.65 after most creditors of its cement unit, which is being sold under the country’s insolvency process, will support the bid by an investor group backed by Bain Capital, people with knowledge of the matter said.    

The consortium led by Dalmia Bharat Ltd., which was competing with billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd., was chosen by almost all the lenders as the preferred bidder, according to the people.
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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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