Schedule a Call Back
Blackstone, Temasek may acquire Wonder Cement stakes
2018-12-01
Blackstone Group and Temasek Holdings are in talks to buy 15-20 per cent stake in Wonder Cement, part of Rajasthan-based RK Group, for Rs 10 bn. Through this deal, the value of the company will stand at Rs 60 to 66 bn.
<p></p>
<p>JP Morgan has been hired to oversee the process. The flow of new funds will reportedly be used to increase the capacity from 6.75 mtpa to 11 mtpa by FY2019.</p>
<p>Contact: Blackstone Group.</p>
<p>Website: www.blackstone.com</p>
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
Nucleus Software Marks 25 Years of Innovation and Partnership in Japan
Nucleus Software Japan K.K. marked a major milestone by celebrating 25 years of partnership and innovation in Japan at a commemorative event held...
