Rs 69.9 cr capital infusion in Vinay Cement's subsidiary

Subscribe to Oneindia News

New Delhi, Mar 30 (UNI) Vinay Cements Ltd has said it has entered into an agreement with strategic investors to invest Rs 69.9 crore through Foreign Direct Investment (FDI) in its subsidiary Calcom Cement India Ltd's (CCIL), a cement manufacturing project in Assam.

The company has inked the agreement with Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) in Germany, Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N V (FMO) in Netherlands, said a statement.

The Board has approved the voluntary delisting of equity shares of the company from all stock exchanges, including the Bombay Stock Exchange Ltd (BSE).

UNI PBB SR HS1236

Please Wait while comments are loading...