The race for LafargeHolcim's Sri Lankan operations
Published by Joseph Green,
Editor
World Cement,
Dalmia Bharat stock was up by 1% at Rs. 973. Dalmia Bharat, Shree Cement, along with Ramco are also in the race for LafargeHolcim's Sri Lankan operations.
Report says that these players have been shortlisted after an initial round of screening and are competing with local Sri Lankan, Chinese and Thai cement makers.
Standard Chartered Bank is advising LafargeHolcim to sell the Lankan assets.
The scrip opened at Rs. 977.9 and has touched a high and low of Rs. 979 and Rs. 970.25 respectively. So far 4750(NSE+BSE) shares were traded on the counter.
The promoters holding in the company stood at 57.42% while Institutions and Non-Institutions held 12.46 % and 26.58 % respectively.
The stock is currently trading above its 50 DMA.
Edited from sources by Joseph Green. Sources: VC Circle, Economic Times, India Infoline
Read the article online at: https://www.worldcement.com/asia-pacific-rim/10062016/race-lafargeholcim-sri-lankan-operations-255/
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