Kohlberg Kravis Roberts (KKR) is likely to acquire 15-20 per cent stake in
Dalmia Cement (Bharat)'s (DCBL) unlisted unit for up to Rs 750 crore.
DCBL is likely to draw Rs 500 crore immediately and has an option to utilise
another Rs 250 crore in the next 18 months. KKR is expected to get a 15 per cent
stake if DCBL draws down only Rs 500 crore, but the stake will rise to 20 per
cent if it draws additional Rs 250 crore.
The unlisted entity, which is a wholly-owned unit of the listed DCBL at
present, will house DCBL's nine million tpa manufacturing capacity, its entire
45.4 per cent stake in cement maker OCL and the proposed 10 million tonne of new
capacity.