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Dalmia Power Offloads 4.47 % Stake In IEX For Rs 487.55 Crore
Copthall Mauritius Investment Ltd and Societe Generale purchased shares of Indian Energy Exchange worth Rs 59.99 crore and Rs 80.1 crore, respectively.
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Dalmia Power Ltd on Thursday said it has sold a 4.47 per cent stake in Indian Energy Exchange (IEX) for Rs 487.55 crore through an open market transaction.
The Dalmia Bharat group firm has sold 1.34 crore equity shares, the group said in a regulatory update.
“Dalmia Power Ltd, a wholly-owned subsidiary of Dalmia Bharat Ltd has sold 1.34 crore equity shares (4.47 per cent shareholding) of IEX in the open market today i.e. May 20, 2021, at a consideration of Rs. 487.55 crore.
Dalmia Power Limited has sold 4 473% in IEX for Rs 487 55 crores
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Dalmia Bharat Q4 consolidated profit zooms to ₹640 crore
PTI
New Delhi |
Updated on
April 30, 2021
Revenue from operations stood at ₹3,281 crore
Cement maker Dalmia Bharat Ltd on Friday reported a sharp uptick in consolidated profit at ₹640 crore for the fourth quarter ended March 31, 2021, on account of higher revenue from operations and tax credit. Dalmia Bharat had reported a profit of ₹24 crore in the corresponding period a year ago. Its revenue from operations stood at ₹3,281 crore during the quarter under review, up 32.13 per cent, compared to ₹2,483 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. During the fourth quarter ended March 31, 2021, Dalmia Bharat reported tax credit of ₹212 crore as against a tax expense of ₹41 crore in the same period of the previous year.