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01/04/2016The Times of India 01 April 2016. New Delhi: In one of the biggest deals in the domestic cement industry, debt-ridden Jaypee Group on Thursday announced part-sale of its cement business to Kumar Mangalam Birla-led UltraTech for Rs 15,900 crore.. The transaction will see UltraTech become possibly the biggest cement player in the country
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10-12-2020Impact of the deal on the Jaypee Group. Post the transaction, Jaypee Group's cement capacity will come down to 33 mtpa and will remain the third-largest cement manufacturer of the country after the Aditya Birla Group and the Holcim Group. The deal will help the Jaypee Group to raise its debt of Rs 55,000 crore to about Rs 3650 crore.
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11/09/2013UltraTech will take over a total debt of Rs 3,800 crore, and pay Rs 150 crore in equity. The deal is a pointer to how cement businesses are shaping in India. In 2009, LT had offloaded 11.49 per
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