Dalmia Bharat announced that the company's subsidiary, Dalmia Cement (Bharat) has 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 stakeholder's interests and overall value creation.
 
Shares of the company gained Rs 17.15, or 3.71%, to trade at Rs 480. The total volume of shares traded was 18,783 at the BSE (1.19 p.m., Wednesday).