Dalmia Bharat Buoyed by Stake Increase as Promoter Raises Stake in Cement Giant
Deal News | Jun 18, 2025 | EIN
Dalmia Bharat, a leading player in the cement industry, experienced a share price increase of over 1% following a strategic acquisition by its promoter group entity, Keshav Power Limited. This transaction, executed via a Scheme of Amalgamation effective from June 13, 2025, resulted in Keshav Power's stake swelling from a minor 0.52% to 36.42% of the company's paid-up capital. Despite this internal restructuring, the promoter group's total shareholding remains unchanged at 55.84%. The merger involved four entities: Ankita Pratisthan, Mayuka Investment, Shree Nirman, and Sarvapriya Healthcare, ratified by the National Company Law Tribunal. The price of Dalmia Bharat shares oscillated between an intraday low of 2,060.25 and a high of 2,085.10. Analyst Rajesh Bhosale suggests the shares are trading flat, facing resistance at the 2,150 to 2,180 levels, although further decline might be tempered by support near the 2,000 mark.
Sectors
- Cement Industry
- Mergers and Acquisitions
Geography
- India – The companies and legal proceedings mentioned, including the National Company Law Tribunal, are all situated in India.
Industry
- Cement Industry – Dalmia Bharat operates within the cement industry, which is relevant as the article focuses on shareholder changes within a cement company.
- Mergers and Acquisitions – The transaction involving Keshav Power Limited and the amalgamation of four companies highlights activities in mergers and acquisitions.
Financials
- 6.73 crore equity shares – Amount of shares acquired by Keshav Power Limited, equating to 35.90% of Dalmia Bharat's current paid-up capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dalmia Bharat Limited | Target Company | Company | A major player in India's cement industry, subject of the ownership change. |
| Keshav Power Limited | Promoter/Acquirer | Company | A promoter group entity that increased its stake in Dalmia Bharat through internal restructuring. |
| National Company Law Tribunal (NCLT), Cuttack Bench | Legal Authority | Government | The tribunal that sanctioned the Scheme of Amalgamation. |
| Ankita Pratisthan Limited | Transferor Company | Company | One of the companies amalgamated into Keshav Power. |
| Mayuka Investment Limited | Transferor Company | Company | One of the companies amalgamated into Keshav Power. |
| Shree Nirman Limited | Transferor Company | Company | One of the companies amalgamated into Keshav Power. |
| Sarvapriya Healthcare Solutions Private Limited | Transferor Company | Company | One of the companies amalgamated into Keshav Power. |
| Rajesh Bhosale | Analyst | Person | Equity Technical and Derivative Analyst at Angel One. |