Bain-backed consortium said to be highest bidder for India's Binani Cement

Bain-backed consortium said to be highest bidder for India's Binani Cement

Binani Cement's India plant. Source: Binani website

An investor group led by Dalmia Bharat Ltd. with backing from Bain Capital submitted the highest bid for India’s Binani Cement Ltd., which is being sold under the country’s insolvency process, people with knowledge of the matter said.

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