Source : HT EstateContinue Reading
Source : ET RealtyContinue Reading
A Dalmia Bharat-Bain Piramal Resurgence Fund consortium leads bids for debt-laden cement maker Binani Cement,
exceeding Aditya Birla-led UltraTech Cement’s offer by a few hundred crore rupees. The consortium has offered to pay more than Rs 6,300 crore for Binani, while UltraTech Cement came a close second with its bid of Rs 6,100 crore, they said. The Dalmia-Bain Piramal offer is a combination of cash and equity with the latter forming a small portion of the total value. However, UltraTech Cement would score higher in the technical and management qualification, experts said.