Vicat in talks to buy out Sagar Cements

France´s Vicat is in talks with its JV partner to buy 47 per cent stake in Sagar Cements. The deal is expected to value the company around Rs 4,100 crore. If the deal with Sagar Cements fructifies, it will be the largest since UltraTech´s Rs 3,800 crore purchase of the Gujarat unit of Jaypee Cement in September 2013 and mark an intensification of the consolidation in India´s cement business. Contact: Sagar Cements. Tel: 040-2335 1571. Fax: 040-2335 6573. Website: www.sagarcements.in