Sagar Cements, a southern cement player, is in advanced talks to buy Jaypee Group-promoted Andhra Cements, ET learns from two sources. JSW Cement is another potential contender, said these sources. The enterprise value of the deal is expected to be around Rs 1,100-1,150 crore, which is at a steep discount of about 30% in comparison with recent cement deals. Andhra CementsBSE 4.96 % has two plants in Andhra Pradesh with a combined capacity of 2.6 million tonnes (MT). It also has a 25 Mega Watt captive power pla .. Read more at: http://economictimes.indiatimes.com/articleshow/50632631.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesSagar Cements in talks to buy Jaypee Group’s Andhra Cements>
Industry: Cement 2016-01-19
