Corporate News     07-May-10
Dalmia Cement's board approves to execute definitive agreements with KKR
On 07 May 2010
The board of Dalmia Cement (Bharat) in its meeting on 07 May 2010 has approved fresh equity investment by KKR Mauritius Cement Investments (KKR), a company organized and existing under the laws of Mauritius into Avnija Properties (APL) a subsidiary of the company.

Further, the board has also approved to execute definitive agreements with KKR (for fresh subscription in APL) to an extent of Rs. 750 crore, which shall be converted into equity stake upto 21% of APL equity capital post investment by KKR.

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