Birla Corp among top contenders to buy Reliance Infrastructure’s cement business

Industry:    January, 2016

NEW DELHI: Reliance Infrastructure is in advanced stage of negotiations to sell its cement business in an about Rs 5,000-crore deal and M P Birla Group firm Birla Corporation is one of top three potential buyers. Besides Birla Corp, private equity firms Blackstone and Baring are the other top contenders, people in know of the development said. The Mumbai-based firm has been in talks with prospective buyers — both domestic and foreign — to sell its cement and road business, .. Read more at: