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Aditya Birla Group firm UltraTech today 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.
UltraTech, the flagship company of the Aditya Birla Group, in September announced it had agreed to buy the Gujarat cementmaking unit of Jaypee Cement, a subsidiary of debtladen Jaiprakash
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UltraTech, the flagship company of the Aditya Birla Group, in September announced it had agreed to buy the Gujarat cementmaking unit of Jaypee Cement, a subsidiary of debtladen Jaiprakash
Aditya birla group to buy jaypees guj cement for rs 3800cr 1. Presented by: Nagesh Charugundla 2. Introduction In one of the largest domestic Mamp;A deals of recent times, Aditya Birla group company Ultratech Cement would announced the acquisition of Jaypee Cement Corporation''s (JCCL) Gujarat unit for Rs 3,800 crore.
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.
Jaypee Cement has struck a deal with Aditya Birla Group firm Ultratech to sell 51 per cent stake in the 5 million tonnes per annum (mtpa) Gujarat facility for close to Rs 4,000 crore.
UltraTech Cement, Indias largest cement maker and part of the Aditya Birla Group said its board had agreed to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore.
Read more about UltraTech Cement extends fall on acquisition of JP''s Gujarat Cement plants on Business Standard. Analyst at Motilal Oswal Securities maintain ''Buy'' on the stock and expect the transaction to derive meaningful synergistic benefits.
Indias Aditya Birla Group said it has agreed to buy two cement plants in a deal valued at 852 million, as the conglomerate seeks to tap into an expected increase in cement demand.
#0183;#32;Ultratech Cement Ltd., backed by Indian billionaire Kumar Mangalam Birla, is nearing an agreement to acquire Jaiprakash Associates cement grinding plant in central India, people with
the Aditya Birla Group. The foundation for the cement business of the Aditya Birla Group was laid in the early 1980s, when cement plants were set up for Grasim (Khor, Madhya Pradesh) and Indian Rayon (Malkhed, Karnataka). Subsequently, the business continued on the growth trajectory through internal expansions, acquisitions and mergers.
Cement With an annual capacity of million tons, UltraTech Cement is the largest cement company in India and amongst the leading producers of cement globally. UltraTech is also the largest manufacturer of white cement and ready mix concrete (RMC) in India.
Hindalco Industries and UltraTech Cement, the metals and cement businesses of the Aditya Birla Group, collaborated to launch an innovative green product for the transport industry. On World Environment Day, Hindalco sold its first indigenous dry bulker, especially for cement, to a trusted logistics partner of UltraTech Cement.
MUMBAI: The Aditya Birla Group is close to concluding a deal to buy out Jaiprakash Associates cement plant in Gujarat, ending protracted negotiations, which have gone on a for a year. The Kumar Mangalam Birlacontrolled conglomerate is likely to pay close to Rs 3,500 crore to acquire the million tpa unit and an announcement may come as early as next week.
The Aditya Birla group is emerging as the frontrunner to acquire a stake in Jaiprakash Associates Ltd''s (JAL) cement business, according to local press reports. quot;We have emerged as the frontrunner. There were not too many serious players, except one multinational company,quot; LiveMint quoted a senior Aditya Birla representative as saying.
Aditya Birla Group flagship Ultratech Cement is at an advanced stage of negotiation with Jaypee Cement Corporation to acquire its 51 per cent stake in the 5 mtpa Gujarat facility for about Rs
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