Dalmia Bharat to acquire assets of Jaiprakash Associates Ltd
Cement manufacturing company Dalmia Bharat has executed definitive agreements with debt-ridden Jaiprakash Associates Ltd (JAL) to acquire the latter's cement assets. The subsidiary of Dalmia Bharat, Dalmia Cement (Bharat) Ltd (DCBL) has executed the agreement.
The agreement is for the acquisition of JP Super Cement's Plant in Uttar Pradesh at an enterprise value of Rs 1,500 crore and costs and expenses of up to Rs 190 crore.
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