CRH reportedly in talks to sell stake in Indian joint venture

CRH is reportedly in talks to exit its joint venture with India’s My Home Group, according to VC Circle. In 2008, CRH acquired the 50 per cent stake in My Home Industries for around US$450m and the deal would see this returned to the Indian group.

My Home Industries operates across four locations in Andhra Pradesh, Tamil Nadu and Telangana, with a total cement capacity of 9.6Mta. The company is a market leader in Andhra Pradesh and Telangana under its flagship brand of Maha Cement.