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Binani Industries to merge WIEL with itself

12 Nov 2013 Evaluate

Binani Industries has decided to merge Wada Industrial Estate (WIEL), a wholly owned subsidiary with the company effective December 01, 2013. The board of directors at its meeting held on November 11, 2013 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 3198.00
DCM Shriram 981.20
3M India 34561.80
Hindustan Foods 621.40
Balmer Lawrie & Co 167.40
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