Archive · 18 Jun 2025
Dalmia Bharat Shares Rise After Promoter Group Increases Stake
Imagine a company, Dalmia Bharat, that sells cement.
One of the main owners, Keshav Power, decided to buy more shares in the company.
This happened because some smaller companies merged into Keshav Power.
As a result, Keshav Power now owns a bigger chunk of Dalmia Bharat, but the total amount owned by all the main owners didn't change.
This was all approved by a special court, and it's like rearranging things within the company's family.
Keshav Power Limited, a promoter group entity, increased its stake in Dalmia Bharat.
The acquisition involved 6.73 crore equity shares, representing 35.90% of Dalmia Bharat's capital.
The transaction was executed via a Scheme of Amalgamation effective June 13, 2025.
Keshav Power's direct ownership increased from 0.52% to 36.42%.
The total promoter group shareholding remained constant at 55.84%.
- Who
- Keshav Power Limited and Dalmia Bharat Limited
- What
- Keshav Power Limited increased its stake in Dalmia Bharat.
- When
- The Scheme of Amalgamation became effective on June 13, 2025.
- Where
- N/A
- Why
- To consolidate ownership through a Scheme of Amalgamation approved by the NCLT.
- Company
- Dalmia Bharat
- Promoter
- Keshav Power Limited
- Shares Acquired
- 6.73 crore equity shares
- Percentage Acquired
- 35.90% of Dalmia Bharat
- Ownership Increase
- From 0.52% to 36.42%
- Promoter Group Holding
- 55.84%
- Scheme of Amalgamation Date
- June 13, 2025