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Lafarge India begins Rs 10,000-cr sell-off

Bids likely from JSW Cement, Piramal Enterprises, CRH, Blackstone and KKR

Lafarge India begins Rs 10,000-cr sell-off

Lafarge India begins its sale process this week after receiving approval from the Competition Commission of India. The French cement giant has appointed Arpwood Capital and Citi as investment bankers to sell the entire India operations, which has an annual production capacity of 11 million tonnes (mt). "Bankers will start to reach the potential buyers this week, following which bids are expected to start coming from the next week," said a source. The business put on the block has generated wide interest from domestic and foreign entities. Among these are Piramal Enterprises, ...