Dalmia Bharat Enterprises has informed the Bombay Stock Exchange that its subsidiary company, Dalmia Cement (Bharat) Limited, has approved acquisition of additional 26 per cent stake in Calcom Cement India, for a consideration of Rs. 77.16 crore.

A share purchase agreement to this effect was signed on Friday. This consideration will be paid in multiple tranches.

This stake is in addition to the 50 per cent stake taken by the said subsidiary in January this year.

More In: Companies | Business