Binani Industries had received a "comfort letter" from UltraTech, which enabled it to repay the lenders of its subsidiary Binani Cements.
If agreed to, this will also help the company terminate the auction of Binani Cements at the National Company Law Tribunal (NCLT).
Holcim, which has a controlling stake in ACC and Ambuja Cements, today said it would challenge the order of competition watchdog CCI which imposed penalty for forming price cartel.
Yogesh Radke, Senior Manager (Institutional Equities - Quantitative Research Desk) at Edelweiss Capital, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, gave his strategy on investing in various scenarios.