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UltraTech to buy Binani Cement, seeks end to insolvency proceedings

Updated : March 19, 2018 09:24 AM IST

The company's board has agreed to issue the comfort letter confirming that the company will provide funds to BIL amounting to Rs 7,266 crore.
Binani Industries had approached UltraTech Cement for arranging funds to pay-off the lenders, debt and other liabilities.
UltraTech to buy Binani Cement, seeks end to insolvency proceedings

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