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Dalmia Bharat Enterprises' arm to acquire 50% stake in Calcom Cement

16 Jan 2012 Evaluate

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.

Peers
Company Name CMP
Ultratech Cement 11889.95
Ambuja Cement 458.00
ACC 1431.20
Shree Cement 25145.00
Dalmia Bharat 1975.15
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