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India''s largest cementmaker UltraTech Cements Ltd. (UT) had to call off a Rs 5,325 crore deal to buy Jaiprakash Associates Limited''s (JP) two cement plants in Madhya Pradesh (5 MTPA) as the Bombay High Court rejected the scheme of arrangement citing the new MMDR Act as the prime reason.
Photo: Pradeep Gaur/Mint UltraTech to buy two cement plants from Jaypee for Rs5,400 crore 3 min read. Updated: 24 Dec 2014, 12:18 AM IST Sanjai, Madhura Karnik. The cement factories have
#0183;#32;UltraTech Cement, an Aditya Birla Group Company, has acquired the tonne per annum (mtpa) Gujarat unit of Jaypee Cement Corporation, for Rs 3,800 crore. As part of the deal, UltraTech
By Devidutta Tripathy and Aditi Sh REUTERS Jaiprakash Associates Ltd(NSI:JPASSOCIAT) has agreed to sell its cement plant in Gujarat to UltraTech Cement Ltd(NSI:ULTRACEMCO) for around 38
#0183;#32;NEW DELHI: Debtridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birlaled Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector. However, the size of the deal announced last month has been reduced from Rs 16,500 crore as Jaiprakash Associates Ltd (JAL) decided not to sell its cement plant
Debtridden Jaiprakash Associates on Thursday announced the part sale of its cement business to the Kumarmangalam Birlaled Ultratech for Rs 15,900 crore, marking the biggest consolidation in the ceme
After a little over a year''s negotiation, Jaypee Cement has struck a deal with Aditya Birla Group firm UltraTech to sell 51 per cent stake in the 5 mtpa Gujarat facility for close to Rs 4,000 crore.
The Gujarat unit is part of JALs wholly owned arm, Jaypee Cement. The enterprise value of the transaction is Rs 3,800 crore.
#0183;#32;By Devidutta Tripathy and Aditi Sh REUTERS Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat to UltraTech Cement Ltd for around 38 billion rupees including debt.
Aditya Birla Group firm UltraTech today announced the acquisition of debtridden JP Groups cement plants for nearly Rs 17,000 crore (about billion), making it the biggest deal in the sector.
Birla''s UltraTech buys JP''s cement plants for Rs 17,000 crore. Aditya Birla Group firm UltraTech Sunday announced acquisition of debtridden JP Group''s cement plants for nearly Rs 17,000 crore (about USD billion), making it the biggest deal in the sector.
Shares of Jaiprakash Associates (J P Associates) rallied as much as 16 per cent to hit intraday high of Rs after UltraTech Cement agreed to buy Jaiprakash Associates'' cement plants for Rs
#0183;#32;Shares of Jaiprakash Associates (J P Associates) rallied as much as 16 per cent to hit intraday high of Rs after UltraTech Cement agreed to buy Jaiprakash Associates'' cement plants
CNBCTV18''s learns from sources that the cement maker is in final stages of its deal with UltraTech for stake sale. The company is looking to sell its million cement plant in Gujarat. The deal
Jaypee Associates'' Rs 3,800 crore deal to sell its Gujarat cement units to UltraTech is a distress sale. For one, the company has been trying desperately to sell its cement business in order to cut its debt pile of Rs 55,000 crore. Moreover, the valuation is at a huge discount to
Jaiprakash Associates To Sell Gujarat Cement Unit To . Sep 11 2013 #183; Jaiprakash Associates to sell Gujarat cement unit to UltraTech for R 3800 crore Jaiprakash Associates which also has interests in power and infrastructure has been trying to sell the plant for more than a year and was in talks with several potential buyers including Irelands CRH
Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat to UltraTech Cement Ltd for around Rs 3800 crore including debt. UltraTech, the country''s largest cement maker by
JP Associate announces deal to sell cement plant to UltraTech Cement for which the later will pay Rs 3800 crores. Apart from Ultratech Cement, there were other contenders including French building material major Lafarge, for the acquisition of the unit.
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