The India Resurgence Fund (IndiaRF) investment platform has completed the acquisition of a 45.01 % stake in the cement company Shree Digvijay Cement Company Limited (SDCCL).
SDCCL owns a cement plant with a production capacity of 3.0 million tons of cement per year in Sikka, Gujarat. The company has also entered into a strategic alliance with the Rajkot-based cement company Hi-Bond Cement (India), whose production capacity is 2.2 million tons of cement per year.
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