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News UltraTech Cement declares Binani Cement is its subsidiary

UltraTech Cement declares Binani Cement is its subsidiary

Written by Global Cement staff 22 November 2018
  • Print

India: UltraTech Cement says that Binani Cement has become a wholly-owned subsidiary. The announcement to its shareholders follows a protracted legal battle with Dalmia Bharat group over the outcome of an auction for the insolvent producer. The acquisition includes production capacity in Rajasthan as well as subsidiaries in China and the UAE.

Last modified on 28 November 2018
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Binani Cement
  • Acquisition
  • Legal
  • Dalmia Bharat
  • GCW381

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