The $35 bn Aditya Birla Group is planning to enter South African market to globalise its cement operations further, according to reports.
Reports stated that the cement-to-retail Indian conglomerate has turned its attention towards the cement operations of Lafarge in South Africa for a possible buyout.
The Paris-headquartered Lafarge SA is restructuring its global operations through a series of asset sales to deleverage its balance sheet, says report.
There are also reports that Shree Cement may join race with Aditya Birla Group for South African market.