Home Business UltraTech to pick-up 98% stake in Binani Cement, seeks end to insolvency...

UltraTech to pick-up 98% stake in Binani Cement, seeks end to insolvency proceedings

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Lucky Jain
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(G.N.S) Dt. 19 New Delhi UltraTech Cement Ltd (UCL) has entered into an in-principle agreement with Binani Industries Ltd (BIL) to pick up 98.43% stake in its subsidiary Binani Cements Ltd (BCL), subject to termination of insolvency proceedings, the company informed the stock exchanges on Monday. In a new twist

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