JSW Cement Ltd and JK Lakshmi Cement Ltd are among seven bidders shortlisted for Reliance Infrastructure Ltd’s 5.5Mta cement assets, an official directly involved in the deal has disclosed to local press.
On 5 November Reliance said it had shortlisted seven potential buyers who submitted preliminary expressions of interest to buy its cement business. JSW Cement, JK Lakshmi Cement and a few private equity firms are among the seven shortlisted bidders, the official cited above said, requesting anonymity.
Reliance Infrastructure has decided to sell its cement business as it plans to focus on the defence sector.
