Temasek in bidding war with Carlyle, Standchart PE for Lafarge India stake

Business Standard, 21 Mar 2013
Three private equity (PE) majors are in the final stages of negotiations with Lafarge India, country arm of the France-based multinational in building materials, to acquire a minority stake.
The three PE entities are the Singapore government-owned Temasek Holdings, Carlyle and Standard Chartered PE. According to sources in the know, these three are in the final stages of talks to invest $250-300 million (Rs 1,358-1,629 crore) in the company. There were other PE entities which were interested at one stage, such as KKR, TPG Capital and Blackstone; these have since withdrawn, it is learnt. Lazard is advising Lafarge India for the fund raising. Full story