Dalmia Cement (Bharat) Ltd has approved the acquisition of up to 50% of the share capital of Calcom Cement India Ltd for an aggregate INR 238 crore. The investment will be made by way of various tranches, through a combination of new issuances and acquisitions.

Calcom Cement is a manufacturer of OPC and PPC cement based out of Assam and is currently expanding its consolidated cement manufacturing capacity to 2.1 MTPA.

(Sourced from FE)