INSUBCONTINENT EXCLUSIVE:
UltraTech Cement's bid received 100% consent at the CoC meeting.Kolkata: The Committee of Creditors (CoC) of Binani Cement today voted in
favour of UltraTech Cement's Rs 7,960-crore offer
UltraTech Cement's bid received 100 per cent consent at the CoC meeting, sources close to the company said
The meeting had to be pushed back several rounds due to legal hurdles
becomes the H1 bidder, replacing Rajputana Properties - the bidding company for the Dalmia Bharat-led consortium
The Letter of Intent is unlikely to be issued immediately, as the CoC will submit its plan to the resolutionprofessional (RP), who in turn
may also move the Supreme Court, if Ultratech Cement's proposal was accepted.(Except for the headline, this story has not been edited by
TheIndianSubcontinent staff and is published from a syndicated feed.)
