Announcement

Friday, May 7, 2010

Kohlberg Kravis Roberts buys stake in Dalmia Cement unit

THE US based private equity firm Kohlberg Kravis Roberts has agreed to pick up 14.5% stake in an unlisted entity of Dalmia Cement (Bharat) for INR 500 crore, taking the offshoot’s valuation higher than the parent’s.

In March, Dalmia Cement said it will spin off its cement, power

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