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CRH abandons stake buy plan
01 Nov 2012
1 Min Read
Editorial Team
Irish cement maker CRH terminated discussions with Jaypee Cement Corporation for acquiring stake due to lack of agreement on certain terms. The company was planning to buy Jaypee's Gujarat cement unit due to its dominant market share there. CRH had planned to buy 51 per cent in Jaypee's Gujarat cement unit at an en-terprise value of Rs 4,200 crore. The deal was aimed at trimming Jaypee's consolidated debt of about Rs 45,000 crore.
Contact: Jaypee Cement.
Tel: 0120-460 9000.
Fax: 0120-460 9496.
Website: www.jalindia.com
Contact: Jaypee Cement.
Tel: 0120-460 9000.
Fax: 0120-460 9496.
Website: www.jalindia.com
Irish cement maker CRH terminated discussions with Jaypee Cement Corporation for acquiring stake due to lack of agreement on certain terms. The company was planning to buy Jaypee's Gujarat cement unit due to its dominant market share there. CRH had planned to buy 51 per cent in Jaypee's Gujarat cement unit at an en-terprise value of Rs 4,200 crore. The deal was aimed at trimming Jaypee's consolidated debt of about Rs 45,000 crore. Contact: Jaypee Cement. Tel: 0120-460 9000. Fax: 0120-460 9496. Website: www.jalindia.com
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