21.03.2013 - Temasek, Carlyle in race for Lafarge India stake
Three private equity (PE) majors are in the final stages of negotiations with Lafarge India, country arm of the France-based multinational in building materials, to acquire a minority stake. The three PE entities are the Singapore government-owned Temasek Holdings, Carlyle and Standard Chartered PE. According to sources in the know, these three are in the final stages of talks to invest $250-300 million (Rs 1,358-1,629 crore) in the company. There were other PE entities which were interested at one stage, such as KKR, TPG Capital and Blackstone; these have since withdrawn, it is learnt. Lazard is advising Lafarge India for the fund raising...............................................Full Article: Source
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