French cement giant Lafarge has started the process to sell off its operations in India, with the value estimated at approximately INR 100 billion (€1.34 billion/US$1.51 billion).
This came after the Competition Commission of India (CCI) approved the sale of Lafarge India.
According to investment bank sources, global private equity companies, including Blackstone and KKR, as well as local companies CRH, JSW Cement and Piramal Enterprises have shown interest in the sale.
Arpwood Capital and Citi w