Binani Cement - Ultratech's Bid Upheld by Supreme Court

Please click -

https://www.livemint.com/Companies/t4naP5lqSqbMDrcJAlWz2I/SC-upholds-NCLAT-order-approving-Ultra-Techs-revised-bid.html

Binani Cement delisted in 2011 at the Exit price of Rs 90 /-

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OLD POST

November 14, 2018

Binani Cement -Ulratech Bid Passed by NCLAT ?

Please Click :-

https://www.bloombergquint.com/law-and-policy/nclat-upholds-ultratechs-bid-for-binani-cement#gs.acg437E

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Please , also , read :-

https://www.moneycontrol.com/news/business/nclat-nod-for-ultratech-opens-up-possibilities-in-other-insolvency-cases-including-essar-steel-3167081.html

What is Ultratech's Revised Bid ?

Is it an outright purchase of erstwhile Promoters ( Binani's ) stake by Ultratech  ?

If so then :-  

Will the Non Promoter shareholders get the same rate as Promoters of Binani Cement ?

PLEASE RECHECK ALL THE DETAILS ON THE FINAL TERMS

IN THE MEANWHILE , PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THESE CONJECTURES ETC .

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OLD MAY 2018 POST

Ultratect ' Revised Bid

Thereafter, in a parallel deal, UltraTech had signed an agreement with Binani Industries – the parent company of Binani Cement – to buy its cement assets for Rs 7,266 crore. Over the last two months, it had revised the bid and is now said to be offering nearly Rs 8,000 crore (for Binani Cement), which would cover for all financial and operational creditor dues.

Credit /For More / Source

https://www.thehindubusinessline.com/companies/nclt-asks-coc-to-consider-ultratech-bid-for-binani-cement/article23748298.ece

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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. )