 "PNB looks for ABG Cement-like deals in Q3")
“We have prepared a list comprising at least 25-30 companies. Probably this quarter, we will get some deals done,” PNB managing director and CEO Usha Ananthasubramanian told reporters.
She added that the list is regularly expanded and is a mixed bag comprising companies in power, steel, medium segment and other sectors.
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Earlier this year, global commodities platform SIMEC Group reportedly bought 51 per cent stake in ABG Cement for Rs 525 crore and initiated a management change in the company.
However, Ananthasubramanian did not specify the name of the overseas investor in ABG Cement. The company is now rechristened as Vadraj Cement.
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