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Route One Fund acquires 3.70% stake in Dalmia Bharat: Report

12 Mar 2014 Evaluate

Route One Fund I LP has reportedly acquired 30 lakh shares or 3.70% stake in Dalmia Bharat for about Rs 63 crore. The shares were bought at an average price of Rs 210 each through an open market transaction.

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 12300.55
Ambuja Cements 389.20
ACC 1239.45
Shree Cement 25188.55
Dalmia Bharat 1486.15
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