Blackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd.
Bloomberg reports that TPG Capital is also considering a bid for Emami Cement Ltd and may seek a partner for the project.
Emami Group has picked Arpwood Capital Ltd and Credit Suisse Group AG to supervise the sale of the cement unit, seeking a valuation of about US$1bn. The company operates three cement manufacturing plants in India and is setting up another one in Kalinganagar, Odish, India.

Dalmia Bharat 4Q net profit advances 37%
India’s Dalmia Bharat has reported a 37 per cent rise in profit after tax (PAT) in 4QFY24-25,...