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SAIL divests stake in Bokaro Jaypee Cement

Our Bureau Mumbai | Updated on November 29, 2014 Published on November 29, 2014

Steel Authority of India Ltd (SAIL) has said that it has sold its entire 26 per cent equity holding of 3,47,49,000 equity shares of Rs 10 each in Bokaro Jaypee Cement to to Shri Rangam Securities & Holdings Ltd (SRSHL) at Rs 67.50 per share, totalling Rs 234.56 crore

Bokaro Jaypee Cement is a joint venture of SAIL and Jaiprakash Associates.

SRSHL is an indirect wholly owned subsidiary of Dalmia Cement (Bharat) Ltd, a subsidiary of Dalmia Bharat, SAIL said in a communication to the stock exchanges.

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Published on November 29, 2014
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