Cement News tagged under: Simec

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Simec reportedly in talks to buy stake in Gujarat unit

03 April 2014, Published under Cement News

Dubai-based Simec is expected to buy up to 51 per cent in ABG Cement's Gujarat unit, local press have reported. The enterprise value of the 5.8Mta cement facility is expected to be around INR3500 crore, two sources familiar with the deal told the Economic Times.