Blackstone, KKR eye Shriram unit stake #BobyKurian #RajeshChandramouli @TimesOfindia @resilient_ent #PrivateEquity

Private equity firms Blackstone Group and Kohlberg Kravis Roberts & Co (KKR) are discussing a large stake buy in the cement unit of the southern conglomerate Shiram Group, said sources briefed on the matter. Shriram EPC, which took controlling stake in Andhra Pradesh based Sree Jayajothi Cements, plans to raise more than Rs 400 crore to bolster operations.  

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