The Aditya Birla Group firm has not only paid the financial lenders of debt-ridden Binani but also its operational creditors
Dalmia Bharat had been adamant on its acquisition plan for Binani Cement
Dalmia Cement has approached SC to declare UltraTech Cement ineligible to bid
As per the Tribunal, the spirit and objective of IBC is maximisation of value
Successful acquisitions could transform it into a pan-India cement player
Interestingly, in the first round of bids for Binani Cement, JSW Cement had emerged the highest bidder
The stock up 3% at Rs 1,526 after the company reported 76% YoY rise in net profit at Rs 92 crore for Q1FY17,