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A host of companies that are actively followed by market players will announce their first quarter results on Saturday.
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ACC and Ambuja Cements say a special committee of directors, comprising largely of independent directors, has been constituted to evaluate the merger
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OCL India, major cement company, rallied on bourses in Fridays trading session. The stock surged over 10% in afternoon hours, which can be attributed to improved Q3FY17 performance.
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Investors with a two-year perspective can consider buying the stock of OCL India. The restructuring exercise of cement operations of the Dalmia group is expected to give it the much-needed scale and improve operational efficiency. The recommended swap ratio of two shares of OCL for one share of Dalmia Bharat Limited (DBL) is fair, valuing the latter’s southern and eastern operations much below replacement value.
The company, which is participating in the ongoing 'Make in Odisha Conclave' here, said that it plans to enrich business commitment to the state further.
The boards of Dalmia Bharat Limited and OCL India (OCL) received approval to merge the two entities. This will create the fourth largest cement maker in the country with an installed capacity of 25 million tonnes per annum and annual revenues of about Rs 10,000 crore.
Dalmia Bharat and OCL India today said their Boards have approved merger of the two firms to simplify the group structure, with one listed entity that will create the country's 4th largest cement player.
Dalmia Bharat and OCL India today said their boards have approved merger of the two firms to simplify the group structure, with one listed entity that will create the country’s fourth largest cement player.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Axis Bank, Bharti Airtel, PI Industries, Shriram Transport Finance Corporation, M&M, Meghmani Organics, and OCL India.
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