Lafarge has got itself a sweet deal with Nirma: Anil Singhvi

Lafarge has got itself a sweet deal believes Anil Singhvi, Chairman of Ican Investments Advisors on Nirma’s Rs 9,400-crore investment to take over its 11-million-tonne Indian cement business.

Although the valuations of the deal look demanding, Singhvi believes this is because it is sale of a fine-tuned business and not cement assets. “Sale of business will always command premium pricing and this is what Lafarge has got,” he says in an interview to CNBC-TV18.

However, he does not expect this deal to set a higher benchmark on valuations for future deals in the cement space.Watch video for more...