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Reputation: 642,681  •  Sep 14, 2023 6:01 AM
Dalmia Bharat's deal to buy Jaypee's cement assets hits a legal hurdle
Dalmia Bharat's deal to buy Jaypee's cement assets hits a legal hurdle
Dalmia Bharat's acquisition of Jaiprakash Associates' cement assets for ₹5,666 crore is facing a legal hurdle due to a shareholder dispute at one of the joint-venture plants involved in the deal. The National Company Law Tribunal (NCLT) has ordered a freeze on Jaypee's shareholding in Jaypee Bhilai Cement, a joint venture between Jaiprakash Associates and Steel Authority of India Limited (SAIL).
The Economic Times

https://economictimes.indiatimes.com/industry/indl-goods/...
#SHREECEM #JPASSOCIAT #ULTRACEMCO

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