India’s Reliance Infrastructure in advanced talks to sell cement business

India-based Reliance Infrastructure is currently in an advanced stage of talks to have its cement operations sold in a deal worth around INR 50 billion (€684.36 million/US$747.50 million). Reliance Cement has an annual capacity of 5.5 million tonnes. It has plants in Maharashtra, Uttar Pradesh and Madhya Pradesh. Birla is said to be among the top three potential buyers. According to people familiar with the development, private equity firms Baring and Blackstone are the other top contenders.
January 12, 2016 Read time: 1 min

India-based Reliance Infrastructure is currently in an advanced stage of talks to have its cement operations sold in a deal worth around INR 50 billion (€684.36 million/US$747.50 million).

Reliance Cement has an annual capacity of 5.5 million tonnes.

It has plants in Maharashtra, Uttar Pradesh and Madhya Pradesh.

Birla is said to be among the top three potential buyers. According to people familiar with the development, private equity firms Baring and Blackstone are the other top contenders.

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