PF funds sees more demand comes from Cement Cos

PE funds have witnessed high demand from the cement industry for raising money to finance their expansion plans.

Baring Private Equity Asia has invested about US$260 million (Rs 1,440 crore) in Lafarge India for a 14 per cent stake in the cement firm. The funding from Baring Asia will be used to double Lafarge India's capacity at its Chhattisgarh plant. Bain Capital is also conducting a due diligence to pick about 10 per cent in Heidelberg Cement India.