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News Adani Group to acquire Jaypee Group's cement assets

Adani Group to acquire Jaypee Group's cement assets

Written by Global Cement staff 19 July 2024
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India: Adani Group is planning to acquire cement assets from Jaypee Group, which include over 9Mt/yr of cement capacity, following Jaiprakash Associates' insolvency proceedings initiated in early June 2024. The National Company Law Tribunal in Allahabad admitted Jaiprakash Associates for corporate insolvency on 3 June 2024. Adani would acquire significant assets in the deal, including limestone mines and a power plant, although formal asset sale processes have not yet commenced.

Last modified on 24 July 2024
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Jaypee Group
  • Jaiprakash Associates
  • Acquisition
  • Assets
  • insolvency
  • Sale
  • GCW669
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