Dalmia Bharat’s arm acquires remaining 26% stake in Bokaro Jaypee Cement

29 Nov 2014 Evaluate

Dalmia Bharat’s subsidiary Company, Dalmia Cement (Bharat) through its ultimate subsidiary has acquired the balance 26% stake in Bokaro Jaypee Cement (BoJCL) from Steel Authority of India. Upon this acquisition, BoJCL will become wholly owned subsidiary of the ultimate subsidiary of Dalmia Cement (Bharat).

The total consideration for 100% acquisition of BoJCL is same as that of the earlier 74% purchased from Jaiprakash Associates i.e. aggregate Enterprise Value of Rs 1150 crores for 100% stake.

Dalmia Bharat is a cement manufacturer with plants in Tamil Nadu and Andhra Pradesh with a capacity of nine million tonnes per annum. The company is engaged in the business of cement, thermal power & other businesses.

Peers
Company Name CMP
Ultratech Cement 9612.80
Ambuja Cement 612.35
ACC 2487.65
Shree Cement 25791.45
Dalmia Bharat 1762.45
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