Dalmia Bharat Ltd
Disclosure About Completion Of Sale Of Equity Stake In Dalmia Bharat Refractories Limited
05:46 PM, 28th Apr 2023
This is in continuation to our disclosure dated March 25 2023 disclosing that Dalmia Cement (Bharat) Limited (DCBL) a material wholly owned subsidiary of the Company has entered into a binding agreement to sell its entire investment of 18723743 equity Shares of Rs. 10 each (42.36% of share capital) of Dalmia Bharat Refractories Limited (DBRL) an associate company at a consideration of Rs. 800 Crore to M/s. Sarvapriya Healthcare Solutions Private Limited (Sarvapriya) a promoter group Company.In this connection we further intimate that the above transaction was completed on April 25 2023 and intimation under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 dated April 27 2023 has been submitted in this regard by DCBL to the concerned stock exchanges.