Concrete

Dalmia Cement to sell stake in firm Sarvapriya Healthcare

Dalmia Cement to sell stake in associate firm to Sarvapriya Healthcare

Published

2 years ago

March 28, 2023

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A regulatory filing on March 26 stated that Dalmia Cement, a wholly-owned subsidiary of the Dalmia
Bharat group, had signed a contract to sell Sarvapriya Healthcare Solutions its 42.36 percent stake in
a subsidiary company for the sum of 8000 million.

According to a filing with the stock exchange, Dalmia Cement “entered into a binding agreement to
sell its entire investment of 1,87,23,743 equity shares of Rs 10 each (42.36 percent of the share
capital) of Dalmia Bharat Refractories Limited, an associate company, to Sarvapriya Healthcare
Solutions Private Limited, a promoter group company, for a consideration of 8000 million.”

According to the company’s “plan to quit non-core business,” the choice was made in accordance
with Dalmia Bharat’s board of directors’ consent on March 25.

The company stated that the transaction will close on or before April 25, 2023. Dalmia Cement will
receive 20 percent of the $8 billion total payment on the consummation date.

Related Topics:Dalmia Cement Sarvapriya Healthcare,stake

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