Puneet Dalmia stated that, "This transaction reinforces the excellent trust and partnership between Dalmia and KKR in the last five-years. We have been benefitted tremendously from KKR's global network, strategic expertise and experience in value creation.

"Post the investment by KKR, the Company has successfully completed four acquisitions, greenfield expansions and implementation of environmentally sustainable production processes in a cost effective manner. DBL now has presence in South, East, North-East and Western markets of India."

The transaction is subject to regulatory approvals and other customary closing conditions.
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