True North buys majority stake in Shree Digvijay

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India: Private equity company True North has purchased a 54% stake in Shree Digvijay for a reported US$17m from Brazil’s Votorantim Cementos. Other companies bought the rest of Votorantim’s 75% share in the business, according to Bloomberg. True North signed a deal to buy the cement producer in late 2018. Shree Digvijay operates an integrated cement plant at Jamnagr in Gujarat.

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URL: https://www.globalcement.com/news/item/9126-true-north-buys-majority-stake-in-shree-digvijay

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