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News UltraTech Cement receives approval from Competition Commission of India on bid for Binani Cement

UltraTech Cement receives approval from Competition Commission of India on bid for Binani Cement

Written by Global Cement staff 29 March 2018
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India: UltraTech Cement has received approval from the Competition Commission of India (CCI) regarding its bid for Binani Cement. It said that the Committee of Creditors (COC) of Binani Cements had rated Bharat Dalmia as the leading bidder instead of UltraTech Cement because it didn’t have clearance from the CCI. “A lot of apprehensions were raised by the resolution professional about UltraTech obtaining the CCI clearance, on its bid for Binani Cements,” said UltraTech Cement in a statement.

Last modified on 04 April 2018
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Competition Commission of India
  • approval
  • Binani Cement
  • Bid
  • Dalmia Bharat
  • GCW347

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