India: UltraTech increases Binani Cement bid to $1.06b

India: UltraTech increases Binani Cement bid to $1.06b

A pedestrian walks past UltraTech Cement Ltd. warehouses near Cochin Port in Cochin, India, on Friday, May 29, 2015. Photographer: Dhiraj Singh

UltraTech Cement Ltd. has increased its bid for Binani Cement Ltd. in an email to the resolution professional overseeing the company’s bankruptcy proceedings as it tries to beat a consortium backed by Bain Capital that’s in the lead.

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