M&A

M&A

Dalmia joins the race for Holcim's India businesses

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Cement maker Dalmia Bharat Ltd is set to throw its hat in the ring to buy Holcim's India businesses, joining a hotly contested race that has garnered interest from conglomerates including Adani, JSW and Aditya Birla groups. Dalmia Bharat, one of India's oldest cement makers, is talking to banks to stitch together the financing for its bid for the Swiss building materials maker's two Indian cement companies - ACC Ltd and Gujarat Ambuja Ltd - with a combined manufacturing capacity of almost 65 million tonnes per annum (mtpa). Dalmia's current capacity is 35 mtpa.