According to block deal data available with stock exchanges, KKR Mauritius Cement Investments Ltd offloaded a total of 49,65,270 shares, amounting to 5.58 per cent stake, of Dalmia Bharat. Photo: Hemant Mishra/MintNew Delhi: Global private equity giant KKR on Friday sold a 5.6% stake in Dalmia Bharat for an estimated Rs575 crore through an open market transaction. According to block deal data available with stock exchanges, KKR Mauritius Cement Investments Ltd offloaded a total of 49,65,270 shares, amounting to 5.58 per cent stake, of Dalmia Bharat. In January 2016, Dalmia Bharat had announced that it signed a pact with KKR to acquire the global private equity giant’s 15 per cent stake in its subsidiary Dalmia Cement Bharat Ltd for over Rs 1,218 crore in a cash-and-stock deal. The stock of Dalmia Bharat today closed at Rs 2,048.95 on BSE, down 1.74 per cent from the previous close.

Source: Mint April 21, 2017 19:30 UTC