In an interview with CNBC-TV18's Menaka Doshi, CCI chairman Ashok Chawla promised faster clearance of M&A deals and offered a glimpse into the pending revisions in merger control regulations
Birla Corporation said in a BSE filing said "it has agreed to a transaction with Lafarge India Private Ltd, whereby Birla Corp, either directly or through its wholly-owned subsidiary, shall acquire both the Jojobera and Sonadih cement businesses (Acquisition business) from Lafarge India for an Enterprise Value of Rs 5,000 crore".
According to Jaspreet Singh of Systematix Shares acquisition of these cement units would increase the company‘s capacity 50 percent from the current 10 mtpa.
The company either directly or through its wholly owned subsidiary, shall acquire both cement businesses for an enterprise values of Rs 5000 crore.