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Birla Corp going to acquire two cement units of Lafarge India

On Monday, the Birla Corporation said that it will be acquiring two cement units from Lafarge India, having capacity of 5.15 million tonnes per annum for Rs 5,000 crore.

In a filing to BSE Birla Corporation said that “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”.

It added, “Acquisition business has a cement capacity of 5.15 million tonnes per annum.”

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