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Mumbai: An investor group backed by Bain Capital won the support of Binani Cement Ltd.’s lenders as it seeks to take over the insolvent Indian company. (1-0)
The social divide revealed by Britain’s 2016 vote to leave the European Union is not only here to stay but deepening, reports Reuters. Think tank The UK in a Changing Europe said Britons were unlikely to change their minds about leaving the EU, despite the political and economic uncertainty it has brought, because attitudes are becoming more entrenched. “The (Brexit) referendum highlighted fundamental divisions in British society and superimposed a leave-remain distinction over them. (46-0)
Cement maker Dalmia Bharat is set to buy Bihar-based Kalyanpur Cement in a Rs 353 crore bid.
JSW Cement Ltd, a part of Sajjan Jindal’s $11 billion JSW Group, will partner with a global private equity (PE) player to bid for debt-laden Binani Cement on Monday.
JSW Cement will make a bid on Monday in partnership with a global private equity (PE) player for debt-laden Binani Cement. The bid deadline for Binani is Monday. JSW Cement managing director Parth Jindal said the PE entity would have a majority in the proposed entity. He declined to divulge the name. He also said the bidding for Binani was expected to be aggressive, as at least 11 companies were likely to put bids. (2-0)
Accordingly, Ashok Kumar Dutta, appointed by BIFR as Special Director has ceased to be member of the Board of Directors of the Company.