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Outcome of Committee Meeting

| Updated on January 16, 2012 Published on January 16, 2012

Dalmia Bharat Enterprises Ltd has informed BSE that the Companys subsidiary Company, Dalmia Cement (Bharat) Ltd, in a meeting of its Merger & Acquisition committee held on January 16, 2012 has approved the acquisition of up to 50% of the share capital of Calcom Cement India Ltd for an aggregate investment amount of Rs. 238 crores. Such investment would be made by way of various tranches, through a combination of new issuances and acquisitions, and subject to the various terms and conditions set out in the definitive documentation.

Calcom Cement India Ltd is a manufacturer of OPC and PPC cement based out of Assam and is currently expanding its consolidated cement manufacturing capacity to 2.1mt.p.a.

Source : BSE - www.bseindia.com

Published on January 16, 2012
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