please click
https://economictimes.indiatimes.com/markets/stocks/news/binani-cement-creditors-pick-dalmia-bharat/articleshow/63309664.cms
Binani Cement delisted in 2011 at the Exit price of Rs 90 /-
=====================
https://economictimes.indiatimes.com/markets/stocks/news/binani-cement-creditors-pick-dalmia-bharat/articleshow/63309664.cms
Binani Cement delisted in 2011 at the Exit price of Rs 90 /-
=====================
March 11, 2018
Binani Cement Bid-Ultratech Raises Bid
please click
https://www.bloombergquint.com/business/2018/03/10/dalmia-bharats-bid-for-binani-cement-yet-to-be-approved-by-creditors-says-ultratech
also , please read
https://www.bloombergquint.com/business/2018/03/13/what-ultratechs-revised-bid-for-binani-means
.
------------------------------
old posts
2018
February 18,
2018
Binani Cement Bid- Dalmia Bharat Highest
https://www.bloombergquint.com/business/2018/03/10/dalmia-bharats-bid-for-binani-cement-yet-to-be-approved-by-creditors-says-ultratech
also , please read
https://www.bloombergquint.com/business/2018/03/13/what-ultratechs-revised-bid-for-binani-means
.
------------------------------
old posts
2018
February 18,
2018
Binani Cement Bid- Dalmia Bharat Highest
please click
https://www.bloombergquint.com/business/2018/02/17/bain-backed-consortium-is-said-to-be-highest-bidder-for-binani
=======================
old posts
http://www.livemint.com/Companies/oFIy0niG2DnRz8BHOPnVqN/Binani-Cements-11-mt-output-capacity-may-be-valued-at-Rs76.html
https://www.bloombergquint.com/business/2018/02/17/bain-backed-consortium-is-said-to-be-highest-bidder-for-binani
=======================
old posts
Binani Cement delisted in 2011 at the Exit price of Rs 90 /-
http://www.livemint.com/Companies/oFIy0niG2DnRz8BHOPnVqN/Binani-Cements-11-mt-output-capacity-may-be-valued-at-Rs76.html
============================================
old posts
December 26, 2017
Binani Cement-Aditya Birla, Shree Cement , Others in Race
please click
===============
OLD POSTS
December 06, 2017
Binani Cement---Dalmia Bharat + Piramals Interested
please click
http://www.rareindianshares.info/search?q=binani+piramal
old post
http://www.rareindianshares.info/search?q=binani+piramal
====================
old post
November 03, 2017
Piramals Interested in Binani Cement
please click
http://www.business-standard.com/article/companies/piramal-group-in-race-to-buy-stakes-in-binani-cement-electrosteel-steels-117110300057_1.html
===========================
old posts
Top cement players eyeing Binani Cement assets post insolvency nod by NCLT
It appears , now , nearly all the Equity is with the holding company of Braj Binani , Binani Industries ( Listed ).
It seems Binani Cement , because of its massive debt ( reportedly Rs. 3500 crore ) is in deep trouble.
Annual Report ( 2014 -15 ) of holding Company Binani Industries states :-
Earlier , attempts were made to restructure debt ( by converting in to Equity ) or finding a new Promoter ( MNC ). But no progress.
"People close to the development said Binani Cement was also approached by a multinational for an acquisition------.
Now , the Banks have sold off their Loans to Binani Cement to ARC ( Asset Reconstruction Companies )
"
==============
Binani Cement Official Site :-
===============
General Warning : Investment in shares can be injurious to your WEALTH.
Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism
( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )
-----------
new postJune 12, 2017
Binani Inds holds nearly all the share capital of delisted Binani Cement. Binani Cement has been valued atRs.4000 cr.
Whereas Market Cap of Binani Industries is only Rs.235 crore
-----------
Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
http://www.business-standard.com/article/companies/piramal-group-in-race-to-buy-stakes-in-binani-cement-electrosteel-steels-117110300057_1.html
===========================
old posts
August 07, 2017
Binani Cement-Insolvency Proceedings Start
Top cement players eyeing Binani Cement assets post insolvency nod by NCLT
Read more at:
===========================
old post
June 11, 2017
Binani Cement to Issue Shares @ Rs.185/53p in Loan Restructuring
It has massive debt.
The Banks sold off their Loans to Binani Cement to ARC ( Asset Reconstruction Companies ).
Binani Cement , now , has finalised debt restructuring.
As part of the bigger deal ,Binani Cement would issue around 2 crore 18 lakh ( 2,18,50,536 ) shares of Rs.10 each to Asset Reconstruction Companies led by Edelweiss ARC @ Rs.185/53 p each.
Post issue the percentage of Promoters' holding will fall to 88: 21 % from current 98:43 %.
( It means when 10:22 % stake is being valued at around Rs.406 cr, the enterprise value of Binani Cement ( Unlisted is around Rs.4000 cr )- Please Recheck this point.
===========
OLD POST s
January 14, 2016
Binani Cement's Massive Debt - Banks to Sell Loans to ARC
It appears , now , nearly all the Equity is with the holding company of Braj Binani , Binani Industries ( Listed ).
It seems Binani Cement , because of its massive debt ( reportedly Rs. 3500 crore ) is in deep trouble.
Annual Report ( 2014 -15 ) of holding Company Binani Industries states :-
BCL suffered major setback in its performance due to poor demand
scenario that prevailed in the Cement Industry owing to reduced
activities in Infrastructure and Real Estate sectors. The situation was
further aggravated due to certain coercive actions initiated in the
last quarter of FY''14, by the Rajasthan VAT Authorities (RVAT), in
connection with all past dues which were earlier in dispute. This lead
to intermittent stoppage of production and dispatches of cement
Furthermore, liquidity constraints have also affected the smooth
operations of BCL. BCL has paid Rs. 278 crore to the RVAT authorities
during February 2014 to September 2015. BCL has been sanctioned a
restructuring package by the lenders in the Joint Lenders Forum for
funding the sales tax liability. Lenders'' have disbursed only part of
the sanctioned amount. Immediate disbursement of the entire sanctioned
loans will facilitate settling of issues with the RVAT authorities and
normalization of operations
http://www.moneycontrol.com/annual-report/binaniindustries/directors-report/BI10#BI10
----------------------------------------
Earlier , attempts were made to restructure debt ( by converting in to Equity ) or finding a new Promoter ( MNC ). But no progress.
"People close to the development said Binani Cement was also approached by a multinational for an acquisition------.
Now , the Banks have sold off their Loans to Binani Cement to ARC ( Asset Reconstruction Companies )
"
After failed restructuring efforts, banks are in the process to sell off loans of Binani Cement to asset restructuring companies (ARCs), sources say. The company has debt to the tune of Rs 3,500 crore.
Read more at:.
Read more at:.
==============
Binani Cement Official Site :-
===============
================
Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism
( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )
-----------
new postJune 12, 2017
Binani Cement Worth Rs.4000 cr- Binani Industries Only Rs.235 crore
Binani Inds holds nearly all the share capital of delisted Binani Cement. Binani Cement has been valued atRs.4000 cr.
Whereas Market Cap of Binani Industries is only Rs.235 crore
-----------
please , also , click
-----------------------------------------------------------------------------------------------------
....
Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
-------------------
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in this Binani Cemenr Limited. So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer.
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in this Binani Cemenr Limited. So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer.
No comments:
Post a Comment