CRH eyes stake in Indian firm

Irish firm CRH, one of the world's largest building materials providers, is set to buy a controlling stake in India’s Sree Jayajothi Cements for between $250m and $300m, two sources with direct knowledge of the matter said. Sree Jayajothi Cements, a unit of India's Shriram Group, has a 3.2m-ton cement plant in the southern Indian state of Andhra Pradesh.

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