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    HomeNewsBusinessMarketsCash Market | Balkrishna Industries a new ray of breakout amid a falling market

    Cash Market | Balkrishna Industries a new ray of breakout amid a falling market

    Balkrishna Industries is gaining buying momentum with multiple breakouts in price and oscillators.

    Moneycontrol Contributor
    January 09, 2023 / 06:54 IST
    RHI Magnesita: RHI Magnesita India gets BSE, NSE approval for acquisition of refractory business of Dalmia Bharat Refractories. The company has received approval from BSE and NSE for acquisition of refractory business of Dalmia Bharat Refractories for Rs 1,708 crore. In November 2022, RHI received approval from board of directors for allotment of 2.7 crore equity shares at an issue price of Rs 632.5029 per share to Dalmia Bharat Refractories in exchange of 8.24 crore shares (100% equity) of Dalmia OCL, from Dalmia Bharat Refractories. With this, Dalmia OCL will become a wholly owned subsidiary of RHI.
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