Binani Industries has received an approval to issue 0.01% non-cumulative redeemable preference shares of Rs 100 each up to an amount of Rs 120 crore in one or more tranches to the promoter company, on a Private Placement Basis.
The board of directors at their meeting held on January 30, 2015 has approved for the same. The above is however subject to the approval of the shareholders of the company through Postal Ballots.
The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2960.05 |
| DCM Shriram | 1259.20 |
| 3M India | 32692.30 |
| Hindustan Foods | 546.80 |
| Balmer Lawrie & Co | 196.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: