Dalmia Bharat set to acquire Kalyanpur Cement

Dalmia Bharat is set to acquire bankrupt Kalyanpur Cement after lenders approved a debt resolution plan that may exceed INR 3.5 billion. The NCLT has not yet approved the acquisition.

“The debt resolution assumes significance as the company is based out of Bihar, where the state government too has helped through relief and concessions.”cemnet.com

• 1 source
• cemnet.comDalmia Bharat ready to acquire Kalyanpur Cement | CemNetJan 30, 2018

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