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News Dalmia Bharat expects Jaypee Cement acquisition to conclude in early 2024

Dalmia Bharat expects Jaypee Cement acquisition to conclude in early 2024

Written by Global Cement staff 16 October 2023
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India: Dalmia Bharat says that it will complete its acquisition of Jaiprakash Associates’ cement business, Jaypee Cement, towards the end of the 2024 financial year on 31 March 2024. Informist EquityWire News has reported that the deal is ‘taking more time’ than expected to conclude.

Jaypee Cement’s Madhya Pradesh-based subsidiary Jaybee Bhilai Cement is subject to an on-going shareholder dispute, due to which a court has frozen the company’s 74% shareholding in the unit.

Last modified on 18 October 2023
Published in Global Cement News
Tagged under
  • India
  • Jaiprakash Associates
  • Jaypee Group
  • Jayprakash Associates
  • Jaypee Bhilai Cement
  • Acquisition
  • Court
  • Stake
  • Dispute
  • Dalmia Bharat
  • Dalmia Cement
  • GCW630
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