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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 May, 2025 18:31 IST
Dalmia Bharat gains as subsidiary increases stake in OCL
Source: IRIS | 25 Feb, 2015, 01.30PM
Rating: NAN / 5 stars.
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Dalmia Bharat gained on Wednesday after the company's subsidiary, Dalmia Cement (Bharat) increased its stake in OCL India from 48% to 74.6% through inter-se transfer within the promoter group of OCL India.

With this consolidation, the group's regional capacity mix stands at 48% in South and 52% in East and North East.

The move would help in creating better operational synergies across the group's footprint. It is a step forward in the commitment towards aligning all stakeholders' interests and overall value creation.

Shares of the company gained Rs 12.75, or 2.75%, to trade at Rs 475.60. The total volume of shares traded was 18,883 at the BSE (1.26 p.m., Wednesday).

The scrip has touched an intra-day high of Rs 500.00 and low of Rs 460.70. The total volume of shares traded at the BSE is 18,883.
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