Dalmia Bharat dips 5% a day after inking deal to buy Jaiprakash's biz units

Meanwhile, Jaiprakash Associates dipped 8 per cent to Rs 10.81, falling 13 per cent from its intra-day high, and Jaiprakash Power Ventures declined 5 per cent to Rs 7.90 on the BSE.

India cement units are cooperating closely with CCI, says Holcim

SI Reporter Mumbai
Shares of Dalmia Bharat slipped 5 per cent to Rs 1,807 on the BSE in Tuesday’s intra-day trade on profit booking after the company emerged winner in its bid to acquire plan of Jaiprakash power and cement units. The said acquisition shall take place at an enterprise value of Rs 5,666 crore.

Dalmia Cement (Bharat) (DCBL), wholly-owned subsidiary of Dalmia Bharat on Monday entered into a binding framework agreement for the acquisition of clinker, cement and power plants from Jaiprakash Associates and its associate having total cement capacity of 9.4 MnT (along with clinker capacity of 6.7MnT and thermal power plants of 280MW) at an enterprise value of Rs 5,666 crore, the company said in a press release.

First Published: Dec 13 2022 | 10:52 AM IST

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