Cement News tagged under: Shriram Group
CRH likely to acquire Shriram Group cement business - report25 July 2013, Published under Cement NewsIrish building materials major CRH is likely to acquire the cement arm of the Shriram Group, Sree Jayajothi Cements, three sources have told the Economic Times of India. The deal is likely to be announced “soon” according to one of the sources, adding that the “enterprise value of Sree JayaJothi Cements has been pegged at around INR1500 crore.” CRH is expected to pick up the stake through its Indian unit My Home Industries, a joint venture it has operated since 2008 with the My Home Group... |
Two frontrunners emerge for Jayajothi Cements stake, India25 February 2013, Published under Cement NewsCiti Venture Capital International (CVCI) and Blackstone have emerged as the two private equity (PE) investors shortlisted by the Shriram Group to purchase a stake in its Jayajothi Cements cement unit. The Times of India reports that the two companies are vying for a "big stake“ in Jayajothi Cements but with Shriram continuing to manage the cement unit. Shriram had explored options of selling the stake in Jayajothi to global majors like CRH and Holcim (both of which are active in the India... |
Citi Venture Capital International interested in Shriram Group investment28 August 2012, Published under Cement NewsCiti Venture Capital International (CVCI) is reportedly holding talks to invest INR400crore in the cement unit of southern conglomerate Shriram Group, according to reports in the Times of India. The Shriram Group initiated the process to sell a stake in Sree Jayajothi Cement which it had previously acquired a 70 per cent stake in earlier this year following the conversion of loans into equity. Private equity companies like Blackstone, Kohlberg Kravis Roberts & Co and Mount Kellet, had shown... |
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