Lafarge to sell India assets to Nirma for $1.4 billion

Posted on:12 Jul 2016 18:27:50
Lafarge to sell India assets to Nirma for $1.4 billion
12 July 2016 Current Affairs: Lafarge-Holcim has entered into an agreement with Nirma Ltd to sell its entire 100% holding in cement maker Lafarge India for an enterprise value of $1.4 billion.

The deal is subjected to approval from the Competition Commission of India (CCI) also the proceeds from the divestment will be used to reduce debt.

Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum. 

The company also markets aggregates and is one of India's leading ready-mix concrete manufacturers. The proceeds from the divestment will be used to reduce debt further.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 August

21 AUGUST
NEWS
20 AUGUST
NEWS
19 AUGUST
NEWS
18 AUGUST
NEWS

Current Affairs 2018 July

31 JULY
NEWS
30 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS