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Dalmia Bharat executes definitive agreements to acquire cement assets
Dalmia Cement (Bharat) (DCBL) has signed definitive agreements to acquire the JP Super Cement Plant in Uttar Pradesh from debt-ridden Jaiprakash Associates for Rs 15 billion, plus expenses, subject to clearance and approval. This acquisition is part of Dalmia Bharat's plan to acquire the cement asse...
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Dalmia Cement (Bharat) (DCBL) has signed definitive agreements to acquire the JP Super Cement Plant in Uttar Pradesh from debt-ridden Jaiprakash Associates for Rs 15 billion, plus expenses, subject to clearance and approval. This acquisition is part of Dalmia Bharat's plan to acquire the cement assets of JAL and its associate firm at an enterprise value of Rs 56.66 billion. DCBL will also acquire a 74 per cent stake in Bhilai Jaypee Cement at an enterprise value of Rs 6.66 billion. Contact: Dalmia Cement (Bharat) Tel: 011-2346 5100 Website: www.dalmiacement.com