The fight is to the finish when it comes to the fight and the acquisition of Binani Cement. The only large Insolvency and Bankruptcy Code (IBC) case with an equity value has been hotly contested for and now the matter is also getting litigated. Dalmia Bharat has been the winner and that has been declared the winner by CoC and RP but that matter has been challenged by Ultratech Cement, which after the bid closure has increased the bid price by Rs 700 crore to Rs 7,266 crore and even has supported Binani Industries if they can take the matter out of insolvency proceedings.

Outstanding claims for operational creditors is Rs 700cr: Binani Creditors Forum

As the battle for Binani Cement continues between Dalmia Bharat and UltraTech Cement, the operational creditors have now staked their claim of Rs 700 crore which is supposedly not included in the current offers.

To fund acquisition of Murli Ind via internal accruals & loans: Dalmia Bharat

The proposal of infusing Rs 402 crore for payments to lenders, creditors, workers and employees has now been recommended to NCLT for their approval, said Mahendra Singhi, Group CEO & Wholetime Director, Dalmia Bharat.

Manufacturing sector led deal activity in Nov: Grant Thornton

Despite being the month when Prime Minister Narendra Modi announced demonetisation, November witnessed a growth in deals year-on-year, says Prashant Mehra, Partner at Grant Thornton.

There are more sellers, fewer buyers in cement space: Dalmia

Nisha Poddar of CNBC-TV18 was joined by Puneet Dalmia of Dalmia Bharat, Anil Singhvi of Ican Investments Advisors and Vikram Hosangady of KPMG to understand the big deal between JP Associates and UltraTech Cement, and other deals in the offing.

See more M&A in cement space; rural demand dismal: Dalmia

Mahendra Singhi, Group CEO-Cement, Dalmia Bharat Group says unseasonal rains have impacted cement sales negatively.

Hope to expand NE reach with acquisition: Dalmia Bharat

In an interview with CNBC|-TV18, Puneet Dalmia, MD, Dalmia Bharat said the company is planning to fund the deal through cash surplus and internal accruals. At present, the company is looking to ramp up sales in the new company.

Dalmia Cement looks at inorganic opportunities

In 2008 Young Turks, Puneet Dalmia, Managing Director of Dalmia Cement had been an inspiration to several young entrepreneurs. He is now on a mission to conquer Mount Everest. He wants to take the group revenues to over USD 10 billion by 2015.

Confident of gaining mkt share in future qtrs: DBEL

Puneet Dalmia, the managing director of DBEL, in an interview on CNBC-TV18 says his company has no plans at present to list the power company, although they are looking at scaling up their power business. “It is too small to list at this point in time.”