Brief: India's Ultratech Cement Says Committee Of Creditors Approves Co's Resolution Plan Of Binani Cement

BIL Vyapar

30/05/2018 12:36

May 30 (Reuters) - Ultratech Cement Ltd  ULTC.NS :
    * COMMITTEE OF CREDITORS APPROVES RESOLUTION PLAN OF BINANI
CEMENT
SUBMITTED BY CO
    * SAYS  RESOLUTION PLAN IS NOW SUBJECT TO THE APPROVAL BY
NCLT
    * SAYS  UPON CONSUMMATION OF DEAL, CO'S CEMENT CAPACITY WILL
STAND
AUGMENTED TO 116.15 MTPA
    * COMMITTEE OF CREDITORS ISSUED LETTER OF INTENT TO CO FOR
THE
ACQUISITION

Source text - https://bit.ly/2J0KdMK
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 ((Reuters.Briefs@thomsonreuters.com;))