Nirma in talks with Apollo Global Management, Bain for Emami Cement bid

Nuvoco is among the bidders for Emami Cement, which has picked Arpwood Capital and Credit Suisse Group AG to manage the sale of the unit as Bloomberg News previously reported

Nirma is considering partnering either Apollo Global Management or Bain Capital to bid for the cement unit of Indian conglomerate Emami Group, according to people with knowledge of the matter.
 
Nuvoco Vistas Corporation, a cement unit of detergent maker of Nirma, has held separate discussions with the private equity firms for a potential offer for Emami Cement, said the people, who asked not to be identified as the information isn’t public.
 
Nuvoco is among the bidders for Emami Cement, which has picked Arpwood Capital and Credit Suisse Group AG to manage the sale of the unit as Bloomberg