Binani Industries has received an approval to acquire the entire share capital of Royalvision Projects for a consideration of Rs 88,000 approximately. Consequently, Royalvision Projects will become a wholly owned subsidiary of the company. The board of directors at its meeting held on January 07, 2014 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.
