Kolkata : The Binani Committee of Creditors (CoC) is likely to meet on May 9 and discuss the revised bid of UltraTech Cement valued at around Rs 7,900 crore for the debt-laden Binani Cement.
“The CoC is meeting on Wednesday (May 9),” sources said. UltraTech has already submitted its revised offer with the Resolution Professional but the exact bid value is not known. The Kolkata bench of NCLT had on May 2 directed the Committee of Creditors (CoC) of Binani Cement to consider the revised bid of UltraTech, which is Rs 1021 crore more than Dalmia consortium. On that day an official representing Ultra Tech had said they would be submitting the same Rs 7960 crore offer before the CoC.
