India: UltraTech’s $2.3b deal to buy debt-laden Jaypee cement hits a hurdle

India: UltraTech’s $2.3b deal to buy debt-laden Jaypee cement hits a hurdle

UltraTech Cement Ltd’s Rs.15,900 crore deal to buy the cement assets of debt-laden Jaiprakash Associates Ltd has run into a snag over the latter’s failure to meet some commitments linked to the transaction, said two people with direct knowledge of the matter.

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