MoneyWorks4Me

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 11020.00
Ambuja Cements 374.90
ACC 1213.30
Shree Cement 22155.20
Dalmia Bharat 1651.40
View more..