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Sagar Cements To Sell Stake In Vicat Sagar Venture

Sagar Cements To Sell Stake In Vicat Sagar Venture

Sagar Cements Ltd and Vicat S.A. of France set up a 5.5milliontonne a year cement plant at a cost of Rs 2500 crore in Gulbarga Karnataka in 2008. Vicat then picked up a 6.67 per cent stake in Sagar Cements for a consideration of Rs 70 crore. The joint venture VicatSagar Cements explores opportunities for holding assets overseas.

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