Heidelberg Cement is reportedly planning to sell minority stake in its Indian arm. In this regard, the company is in talks with Bain Capital to sell 12% stake in Heidelberg Cement India. Bain Capital- Heidelberg deal is in due diligence stage. The due diligence is likely to take up to 2-3 months to complete.
Bain Capital will invest in the company via global growth fund. Further, Bain Cap is likely to be in talks with other cement companies as well.
Bain Capital is one of the world’s leading private, alternative asset management firms, with approximately $65 billion in assets under management.
Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.
