Blackstone Group and Temasek Holdings in competition for minority stake in Wonder Cement

Print this page

India: Private equity companies Blackstone Group and Temasek Holdings are holding separate negotiations to buy up to a 20% stake in Wonder Cement for around US$136m. The investment is expected to allow the cement producer to expand its production capacity to 11Mt/yr from 6.75Mt/yr at present, according to the Economic Times newspaper. Wonder Cement, part of the Rajasthan-headquartered RK Group, announced in August 2018 that it was preparing to set up a 2Mt/yr clinker grinding unit in Dhule, Maharashtra.

Last modified on 07 November 2018

URL: https://globalcement.com/news/item/8265-blackstone-group-and-temasek-holdings-in-competition-for-minority-stake-in-wonder-cement

© 2019 Pro Global Media Ltd. All rights reserved.