India: Binani Cement has received six bids in its sale process. Offers were received from UltraTech Cement, JSW Cement, Ramco Cement, HeidelbergCement India, Dalmia Cements and a pair of Indian investors, according to the Daily News & Analysis newspaper. The bids ranged from around US$630m to US$940m. However, each bid came with various clauses that made the committee of creditors refer them to a consultancy for evaluation.
Binani Cement receives six bids
URL: https://www.globalcement.com/news/item/6971-binani-cement-receives-six-bids
© 2025 Pro Global Media Ltd. All rights reserved.