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Binani Industries to sell 100% shareholding in Binani Energy

30 Oct 2012 Evaluate

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.

Peers
Company Name CMP
Grasim Industries 3200.70
DCM Shriram 915.60
3M India 29480.00
Hindustan Foods 578.95
Balmer Lawrie & Co 164.40
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