Dalmia Bharat Refractories Limited has disclosed an acquisition, increasing its stake in RHI Magnesita India Ltd to 13.08%. This move involved the acquisition of 2,70,20,000 equity shares through an open market transaction. The acquisition occurred over a period spanning from May 21, 2026, to September 22, 2026, signifying a significant strategic investment by Dalmia Bharat Refractories in its associate company.
Strategic Acquisition in RHI Magnesita
Dalmia Bharat Refractories Limited has announced the acquisition of a substantial stake in RHI Magnesita India Ltd. As per the disclosures filed, the company has acquired 2,70,20,000 equity shares, representing 13.08% of the total voting capital. This acquisition was conducted via open market purchases on the BSE Limited and the National Stock Exchange of India Limited.
Transaction Details and Holding
The period during which these shares were acquired spans from May 21, 2026, to September 22, 2026. Following this acquisition, Dalmia Bharat Refractories Limited now holds 2,70,20,000 shares, which constitutes 13.08% of the total share capital and voting rights in RHI Magnesita India Ltd. The company confirmed that it does not belong to the promoter or promoter group of RHI Magnesita India Ltd.
Pre and Post-Acquisition Standing
Before the transactions under consideration, Dalmia Bharat Refractories Limited held no voting rights or shares in RHI Magnesita India Ltd. After the acquisition, the total holding in shares carrying voting rights amounts to 2,70,20,000, reflecting 13.08% of the total share capital. There are no encumbrances, convertible securities, or other instruments that entitle the acquirer to receive shares carrying voting rights in the target company.
Source: BSE
