Binani Industries has received an approval to sell/transfer the company’s 100% shareholding in Binani Energy, a wholly owned subsidiary of the company to Binani Cement, a subsidiary of the company. The board at its meeting held on October 29, 2012 has approved for the same.
Binani Industries is the holding company of the $1.6-billion Braj Binani Group. The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.