Dalmia Cement reportedly considers acquiring Emami Cement assets

India’s Dalmia Cement (Bharat) has reportedly submitted an expression of interest in acquiring the cement assets of Emami Group, which have been valued at INR60bn (US$841.9m), according to The Economic Times.

"Dalmia Bharat is currently studying the financials provided by the bankers of Emami Cement. The strategy will be decided once we conclude our assessment and firm up our intent to proceed. Moreover, we have a healthy leverage but would always keep all options open," said the company in response to the reports.

In June, it was reported that Emami was holding talks with UltraTech Cement and private equity firms to sell the assets.