# JSW Group in discussions to bid for Holcim's Indian cement operations

JSW Group has initiated discussions with private equity firm Carlyle to back its bid for Holcim's Indian cement operations, which include Ambuja Cements and ACC Ltd. The deal could be worth up to $10.6 billion.

- Type: Acquisition
- Announced: 2022-04-22
- Where: India
- Value: $10.6B (800.0B INR)
- Status: rumored
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md)
- [Carlyle Group](https://endata.com/companies/458.md) (investor)
- [Ambuja Cements](https://endata.com/companies/15069.md) (target)
- [ACC](https://endata.com/companies/20080.md) (target)
- [JSW Group](https://endata.com/companies/29290.md) (acquirer)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/172561/jsw-group-in-discussions-to-raise-funds-to-bid-for-holcim-s-indian-operations.html), 2022-04-22: "JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim’s Indian cement operations."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.