JSW Cement in early talks to acquire Heidelberg Materials' cement units in India
JSW Group makes an unsolicited offer to acquire Heidelberg's local entities, targeting operations primarily in peninsular India
India's cement industry, second-largest globally in capacity and consumption, emphasizes proximity to end- consumption markets in valuation
Heidelberg's plan to exit India remains uncertain; potential bidding process could attract more buyers, increasing competition for the assets
JSW Group, led by Sajjan Jindal, focusing on profitability in cement and ports businesses, despite past delays and uncertainty in the cement subsidiary
JSW Cement's IPO plans have seen delays; originally targeted for listing in FY20 and FY21, a new listing timeline is set for FY25