With Dalmia exit, KKR cements India success

When US-based private equity major KKR & Co first invested Rs 750 crore in Dalmia Cement (Bharat) in May 2010, the cement maker had a capacity of 11 million tonnes.

Today, Dalmia Cement boasts of a 25-million-tonne capacity and KKR earned bragging rights for scripting another successful investment. Seven years later, KKR fully exited the company in a block deal worth Rs 1,534 crore. 

KKR had part exited the company in January 2016, earning Rs 1,218 crore. In this process, it made Rs 2,752 crore, a return of 3.6 times, on its investment in the cement maker in seven years.