OCL India has received an approval to acquire 50% ordinary as well as preference shares of OCL Global from Dalmia International FZE. The company will be acquiring 50,000 ordinary shares and 1,365,000 preference shares of OCL Global. OCL Global is a company incorporated in Mauritius.
Pursuant to this acquisition, OCL Global will become a wholly owned subsidiary of the company The board at its meeting held on November 06, 2012 has approved for the above.
OCL India is engaged in the manufacture of cement and refractories. The company is part of the J.D. Dalmia Group which also includes OCL Iron and Steel, Landmark Property Development Company, and Dalmia Cement (Bharat).
