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Construction : Cement Update | February 2016 | Source : CW-India

Birla Corp front runner to buy Anil AmbaniĀ“s cement business in Rs.5,000 cr deal

Birla Corp has emerged as the front runner to acquire Anil AmbaniĀ“s cement business, a wholly-owned arm of flagship Reliance Infrastructure, following a competitive sale process that saw rival offers from leading private equity buyout funds. The Kolkata-headquartered group is currently the only potential buyer leaving behind Blackstone private equity, engaged in advanced commercial negotiations with Anil Ambani-promoted Reliance Group.

Contact: Birla Corporation Ltd.
Tel: 033-6603 3300.
Fax: 033-2288 4426.

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