Binani Cement lenders backs UltraTech bid

(G.N.S) DT. 29 Mumbai UltraTech Cement Ltd’s Rs7,950 crore bid to acquire Binani Cement Ltd has received near-unanimous backing from lenders to the distressed building material maker even as a legal battle reached the country’s top court, two people aware of the development said. Aditya Birla heavyweight UltraTech has, however,