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Dalmia Bharat Ltd's subsidiary acquires 74 pct holding in Bokaro Jaypee Cement Limited, a joint venture between Jaiprakash Associates Limited and Steel Authority of India Limited


Monday, 24 Mar 2014 10:55pm EDT 

Dalmia Bharat Ltd:Says its subsidiary company, Dalmia Cement (Bharat) Limited, has signed definitive agreements for acquisition of 74 pct stake in Bokaro Jaypee Cement Limited.Bokaro Jaypee Cement Limited, joint venture between Jaiprakash Associates Limited (JAL) with 74 pct stake, and Steel Authority of India Limited (SAIL) with 26 pct stake.At a consideration of 11.5 bln Indian rupees on March 24.Proposed acquisition would be funded through a mix of debt and internal accruals. 

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10:52pm EST