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Dec 23, 2014· Jaiprakash Associates, the flagship company of the group, said in a statement to stock exchanges that the company will be left with a cement capacity of 22 million tonnes after this sale .
Read more about JP Associates gains on buzz of likely sale of cement plants on Business Standard. Jaiprakash Associates rose 1.43% to Rs 78.10 at 12:21 IST on BSE on reports UltraTech Cement is in final-stage talks to buy the Jaypee Group's 4.8-million-tonne cement plants in Gujarat for an enterprise value of Rs 4100 crore.
NEW DELHI: Debt-ridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birla-led 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 .
Mumbai: UltraTech Cement Ltd on Sunday said it has agreed to buy Jaiprakash Associates Ltd's cement plants in six states at an enterprise value of ₹ 16,500 crore.
Jaiprakash Associates said it has got the approval of National Company Law Tribunal for transfer of its cement plants to the Aditya Birla group firm, UltraTech Cement."NCLT Allahabad bench has sanctioned the scheme of arrangement whereby the company proposes to transfer identified cement plants owned by the company and its wholly owned subsidiary M/S Jaypee Cement Corporation to M/S ...
NEW DELHI: Debt-ridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birla-led 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 in Karnataka with a ...
Mar 31, 2016· Debt-ridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement ...
Mar 31, 2016· Jaypee Group sells cement plants to Ultratech for Rs 15,900 crore Debt-ridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector.
New Delhi: Debt-ridden Jaiprakash Associates on Thursday said its proposed sale of entire 74% stake in Bhilai Jaypee Cement Ltd for an enterprise value of .
NEW DELHI: Jaiprakash Associates rallied by over 14 per cent in morning trade on Friday, after the company announced part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector. At 09:40 am; Jaiprakash Associates was trading 14 per cent higher at Rs 8.72.
Jaiprakash Associates Ltd (JAL) on Monday said its shareholders have approved the sale of the firm's cement business to Aditya Birla Group's UltraTech Cement. Approval from Competition Commission of India (CCI) has been received and the next step involves seeking approval from the concerned High Court and the final approval from capital markets ...
Jaiprakash Associates Cement Plant Sale. Jaypee Plans To Raise Rs2000 Crore To Sell Bhilai Jaypee, Aug 31 2017 new delhi debtridden jaiprakash associates on thursday said its proposed sale of entire 74 stake in bhilai jaypee cement ltd for an enterprise value of Jaiprakash Associates Cement Plant Sale.
Jaiprakash Associates, the group's main company, reported a loss of US$500m in its 2015 – 2016 financial year, compared to US$259m in the same period in the previous year. Earlier in 2016, Jaiprakash Associates agreed a deal to sell cement plants in five states to UltraTech Cement for US$2.4bn.
Jun 22, 2015· Jaiprakash Associates' UP cement plant latest in sales series by debt-laden group Heidelberg is in advanced stages of negotiations with JP Associates to .
India's UltraTech Cement Ltd, part of the Aditya Birla conglomerate, has agreed to buy Jaiprakash Associates Ltd's cement plants for an enterprise value of 165 billion rupees ($2.4 billion), the ...
Aditya Birla Group's UltraTech Cement said that it has signed a binding memorandum of understanding (MoU) to buy Jaiprakash Associates Ltd's cement plants with a capacity of 18.4 million tonnes per annum (mtpa), for an enterprise value of Rs 16,500 crore. The agreement includes a 4 mtpa plant und
Manoj Gaur, executive chairman of JP Associates, inaugurated the modernised factory here, about 50 km from Varanasi. JP Associates had acquired the erstwhile state-run facility in 2005 after the Allahabad High Court invited bids for sale of the plant and other assets of the UP State Cement Corporation Ltd through a global tender.
As per the deal, UltraTech will acquire Jaiprakash cement plants in five states with total capacity of 21.2 million tonnes a year, instead of 22.4 million tonnes proposed initially. UltraTech, part of the diversified Aditya Birla Group, will have total cement capacity of 91.1 million tonnes after the deal is completed.
Aug 08, 2019· India: Orient Cement has cancelled a deal to buy three cement plants from Jaiprakash Associates. The companies signed an agreement in May 2017 to buy a 74% stake in Bhilai Jaypee Cement for US$225m and the acquisition of the Nigrie cement grinding plant in Singrauli, Madhya Pradesh from Jaiprakash Power Ventures for US$77m.
Jun 29, 2017· Share price of Jaiprakash Associates touched a 52-week high of Rs 23.42 per piece on Thursday after the company informed that it has completed sale of parts of its cement business to Ultratech Cement. In a statement, JP Associates said, "The committee of directors of Jaiprakash Associates has today approved the closing of the transaction as ...
Jul 04, 2020· In 2017, UltraTech Cement has completed the ₹16,189 crore acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a .
India: delayed asset sale could help Jaiprakash Associates 23 August 2013, Published under Cement News To overturn its spiralling debts, Jaiprakash Associates (JA) has been actively seeking to sell off its 4.8Mta cement plant in Gujarat. The release of such assets is seen as a necessity to aid the company's profitability and its stock rating.
The company was promoted by Jaiprakash Gaur a well known leader in the construction of multi-purpose river valley and hydropower projects. In the year 2000 Jaypee Rewa Cement Plant and Jaypee Bela Cement Plant were merged. In April 1 2002 the cement division of Jaiprakash Industries Ltd was hived off and merged with the company.
Jan 12, 2018· As part of the deal, UltraTech will take over JP Associates debt of ₹12,000 crore along with ICICI Bank debt of ₹5,300 crore and get access to operate six integrated cement plants and five ...
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