Dalmia Bharat Enterprises' subsidiary Dalmia Cement (Bharat) is likely to acquire up to 50% of the share capital of Calcom Cement India for an aggregate investment amount of Rs. 238 crores. This investment will 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 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.
