 Actis
set to pick up stake in Dalmia Cements
Private equity investor Actis is set to pick up stake in
cement manufacturer Dalmia Cements (Bharat) Ltd at an investment
of about $25 million.
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Dalmia
plans expansion in cement, sugar
Mumbai: Dalmia Cement (Bharat) is all set to offer an 11%
stake in the company, in a preferential allotment, to private
equity fund Actis. The company had decided to expand its
cement and sugar businesses as both the sectors are doing
well now.
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Actis
to buy 11% in Dalmia Cement
MUMBAI: Private equity fund Actis has decided to pick up
a 11% stake in Dalmia Cement (Bharat) for a consideration
of around Rs 115 crore. The company board is likely to meet
on March 14 to offer 11% stake to Actis through a preferential
allotment.
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Actis
to buy 11% in Dalmia Cements for $ 25 mn
Investment to be done through subscription of fresh equity
shares. Private equity investor Actis is set to pick up
11 per cent stake in Dalmia Cements Bharat for $ 25 million
(about Rs 112 crore).
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