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.