Foreign, PE players eye Lafarge's India assets: Sources

After the mega JP-Ultratech deal in the cement sector, investors are now making a beeline for Lafarger’s India assets with over 10 non-binding bids being submitted today, sources say. French cement maker Lafarge has been looking to divest its interest in Lafarge India assets to comply with competition rules in the country.CNBC-TV18’s Nisha Poddar, quoting sources, say that some of these suitors include foreign names like CRH and Heidelberg. The others interested investors include JSW Infra and CVC, Piramal Group and Goldman and Ramky with Carlyle. Private equity players like Blackstone, Baring Asia, CPPIB, Advent and Bain Capital have also shown interest in Lafarge’s domestic asset, sources add. Lafarge, sources say, is eyeing Rs 10,000 crore for its 11 metric tonne capacity. The company did not revert to CNBC-TV18’s queries. Watch video for more