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Dalmia Cement Bharat acquired Meghalaya based Adhunik Cement

Sep 29, 2012 18:29 ISTJitesh

Top Picks :  Corporate , September 2012 Current Affairs , Acquisition | Merger , 2012 Current Affairs

Meghalaya based Adhunik Cement on 28 September 2012 was acquired by the Dalmia Cement Bharat for Rs 560 crore. The Adhunik Cement have a control over ten percent of the market shares in the North-East, with an annual capacity of 1.5 million tonnes.

Dalmia Cement in January 2012, acquired fifty percent stake of the Assam based Calcom Cement for Rs 238 crore. Dalmia cement is a subsidiary venture of Dalmia Bharat Enterprises and a leading player of the domestic market in India.

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