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.