Following its announcement to raise INR12,000m.($260m.) by equity sale, cement, magnesia, and refractories producer Dalmia Cement (Bharat) Ltd saw its shares slip almost 7% to INR203.45($4.41) on 19 January 2010.
Cement is the single largest contributor in the company’s diversified business and fiscal 2009 (ending 31 March 2009) production of 3.38m. tonnes cement accounted for 74% of...