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Dalmia Bharat

16th-Jan-2012 12:53Source: NSE

Dalmia Bharat Enterprises Limited

Dalmia Bharat Enterprises Limited has informed the Exchange that the Company's subsidiary company, Dalmia Cement (Bharat) Limited, in a meeting of its Merger & Acquisition committee held on January 16, 2012 has approved the acquisition of up to 50% of the share capital of Calcom Cement India Limited for an aggregate investment amount of Rs. 238 crores. Such investment would be made by way of various tranches, through a combination of new issuances and acquisitions, and subject to the various terms and conditions set out in the definitive documentation. Calcom Cement India Limited is a manufacturer of OPC and PPC cement based out of Assam and is currently expanding its consolidated cement manufacturing capacity to 2.1mt.p.a.

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