Dalmia Cement clarified that the news item Dalmia Cement looks to buy sugar company for INR 2.5 billion is speculative and baseless.

It is also reported that the managing director of the company has declined to give details and had commented. This news item has not been released by the company. In fact there is nothing at this point at time.

Further the company has clarified that, the contents about the definitive agreement with KKR for investment in Avnija Properties, a wholly owned subsidiary of this company has already been informed to the stock exchange vide letter dated May 7th 2010.

(Sourced from IRIS)