Binani Cement IPO price fixed at Rs 75/share

Binani Cement Limited (the “Company”), a subsidiary of Binani Industries Ltd., (BIL), has fixed the Offer price at Rs 75 for its Initial Public Offering (“IPO”) of 20,500,000 Equity Shares of Rs. 10 each (“Equity Shares”) for cash, through an Offer for Sale by JP Morgan Special Situations (Mauritius) Limited (“Selling Shareholder”).