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Dalmia Bharat to acquire Jaypee Group's cement assets for ₹5,666 crore
short by Ananya Goyal / on Monday, 12 December, 2022
The Jaypee Group said on Monday that a binding agreement has been signed to sell the group's cement business to Dalmia Bharat's wholly owned subsidiary, Dalmia Cement, at an enterprise value of ₹5,666 crore. The acquisitions amount to cement capacity of 9.4 million tonnes, along with a clinker capacity of 6.7 million tonnes and thermal power plants of 280 megawatts.
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