Cementing LafargeHolicim Deal
Sep. 30, 2016
Domestic detergents maker Nirma Ltd, agreed to buy cement business of LafargeHolcim for $1.4 billion (i.e. around Rs.9,400 crore) on July 11, 2016. The deal will be financed partly by the largest rupee bond issue worth Rs.4,000-crore. This deal will help Nirma to emerge as one of India's top 10 cement players and will take their cement business to the next level. Nirma will have a substantial presence in cement market of East through this deal.