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Sagar Cements raises Rs 48.88 crore through allotment of 6.11 lakh preference shares

08 Dec 2016 Evaluate

Sagar Cements has raised Rs 48.88 crore through allotment of 6.11 lakh equity shares at Rs 800 a share on preferential basis. The company had already received shareholder approval for the fund-raising plans at a meeting held on November 23.

Sagar Cements is one of the most modern mini cement plants in the state of Andhra Pradesh. The plant is based on Dry Process Rotary Kiln Technology that is used in ‘Standard Quality' cement companies.

 

Peers
Company Name CMP
Ultratech Cement 11156.75
Ambuja Cements 387.55
ACC 1238.50
Shree Cement 22555.45
Dalmia Bharat 1729.00
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