Birla Corp has emerged as the front runner to acquire Anil Ambani´s cement business, a wholly-owned arm of flagship Reliance Infrastructure, following a competitive sale process that saw rival offers from leading private equity buyout funds. The Kolkata-headquartered group is currently the only potential buyer leaving behind Blackstone private equity, engaged in advanced commercial negotiations with Anil Ambani-promoted Reliance Group.
Contact: Birla Corporation Ltd.
Tel: 033-6603 3300.
Fax: 033-2288 4426.