Nirma has agreed to acquire Lafarge India’s cement assets for about USD 1.4 billion (Rs 9,400 crore).
Lafarge-Holcim merger will sell its Lafarge India business including three plants and two grinding units with a total capacity of about 11 million tpa to Nirma, subject to approval by the Competition Commission of India (CCI).
Nirma, which will fund the acquisition through an equal mix of equity and debt, expects the acquisition to be “transformational” for its cement business.