Binani Cement lenders to consider Birla's last-minute $1.1b bid

Binani Cement lenders to consider Birla's last-minute $1.1b bid

Kumar Mangalam Birla. Photographer: Udit Kulshrestha/Bloomberg

Binani Cement Ltd. lenders will entertain a local tycoon’s last-minute $1.1 billion bid for the insolvent Indian company, people with knowledge of the matter said.

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