India: UltraTech challenges Binani Cement sale to Bain-backed Dalmia group

India: UltraTech challenges Binani Cement sale to Bain-backed Dalmia group

Photo: Bloomberg

UltraTech Cement Ltd, the Aditya Birla group company that has lost a bid to acquire Binani Cement Ltd, has challenged the sale of the cement maker to rival Dalmia Bharat Ltd, alleging lack of transparency in the bidding process.

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