India: UltraTech buys Jaypee Group’s cement assets in revised $2.4b deal

India: UltraTech buys Jaypee Group’s cement assets in revised $2.4b deal

UltraTech Cement Ltd has revised the price at which it will buy the cement division of Jaiprakash Associates Ltd to Rs.15,900 crore from Rs.16,500 crore while signing a definitive agreement for the purchase. The final price has been revised as Jaiprakash’s Karnataka cement assets have been dropped from the deal.

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