A consortium led by India’s largest private bank ICICI on Thursday concluded the largest asset resolution in the country with the sale of cement business of debt-laden Jaiprakash Associates Ltd (JAL) and Jaypee Cement Corporation Ltd (JCCL) to UltraTech Cement Ltd for Rs 16,189 crore (nearly $2.5 billion).
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
