'Will look at Lafarge only if it makes strategic sense'

In a special chat with CNBC-TV18’s Shereen Bhan, Ajay Piramal, Chairman, Piramal Enterprises said it was yet too early to comment on whether they would be acquiring Lafarge's India cement business.After Dalmia Cement withdrew its case against Lafarge's India asset sale, the global cement major was moving fast to conclude its cement transaction. Lafarge had shortlisted bidders for its 11-million tonne (MT) cement asset sale, sources privy to developments had told CNBC-TV18. On the domestic front, the bidders included JSW Group and CVC, Piramal, Goldman Sachs, Ramco and Carlyle. However, the quintessential dealmaker said they would look at the Lafarge acquisition only if it made a strategic sense for them but confirmed that they are always looking for opportunities. “Will acquire if we see value and strategic fit of any kind,” he said.According to him buying cement business is not necessarily strategic because the location of a cement company is more important than the brand itself.  For more, watch video...