Sources have told CNBC-TV18 that parent company LafargeHolcim is mulling the merger of the two cement majors.
"The Rs 4,000-crore five-year bond sale by Nirma offers a yield of 8.68 percent was oversubscribed 1.5 times. This is the largest rupee bond sale for a leveraged acquisition as also the largest AA-rated debt instrument," investment banking sources told PTI here.
The Competition Appellate Tribunal's (Compat) decision has come on a petition filed by Dalmia Cement (Bharat) Ltd against a CCI order on the matter.