Bain-backed group pips UltraTech to win bid for India's Binani Cement

Bain-backed group pips UltraTech to win bid for India's Binani Cement

Binani Cement's India plant. Source: Binani website

Dalmia Bharat Cement Ltd on Tuesday emerged the winner for troubled Binani Cement Ltd, beating India’s largest cement maker UltraTech Cement Ltd which had put in a nearly identical bid.

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