KKR sells 5.6% in Dalmia Bharat for Rs 575 cr

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Global private equity giant KKR on Friday sold 5.6 per cent stake in Dalmia Bharat for an estimated Rs 575 crore through an open market transaction.

The shares were purchased by a host of entities, including Kuwait Investment Authority, Birla Mutual Fund and Franklin Templeton Investment Funds.

According to block deal data available with stock exchanges, KKR Mauritius Cement Investments offloaded a total of 49,65,270 shares, amounting to 5.58 per cent stake, of Dalmia Bharat.
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