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Cementing a Deal: UltraTech Buys JP Cement | M&A …

India's largest cement-maker UltraTech Cements Ltd. (UT) had to call off a Rs 5,325 crore deal to buy Jaiprakash Associates Limited's (JP) two cement plants in Madhya Pradesh (5 MTPA) as the Bombay High Court rejected the scheme of arrangement citing the new MMDR Act as the prime reason.

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UltraTech buys Jaiprakash cement plants in new $2.4 ...

UltraTech Cement Ltd will buy Jaiprakash Associates Ltd's cement plants for 159 billion rupees ($2.4 billion) including debt, the companies said in a revised deal …

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Ultratech Cements In It's Position | M&A Critique

UltraTech Cement, India's largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore.The transaction, which is subject to due diligence, definitive agreements, and regulatory approvals, will strengthen UltraTech's position as the ...

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UltraTech acquires Jaypee group's cement assets for Rs ...

The move comes two days after UltraTech called off a Rs.5400-crore deal to buy Jaiprakash Associates' (JAL) 2.1 mtpa cement plant in Madhya Pradesh as new MMDR Act 2015 barred transfer of mines ...

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'Regulatory hurdle': UltraTech calls off Rs 5,400 cr 2 ...

The inability of the two parties to close the deal will impact the Jaypee Group adversely as it will delay its asset monetisation plan.

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Jaiprakash Associates, Jaypee Cement biz sale to UltraTech ...

As part of the deal, UltraTech will take over JP Associates debt of ₹12,000 crore along with ICICI Bank debt of ₹5,300 crore and get access to operate six integrated cement plants and five ...

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Deal Anlysis - Ultratch Cement - Jaypee Group | PDF ...

Concrete Trouble India's largest cement-maker UltraTech Cements Ltd. (UT) had to call off a Rs 5,325 crore deal to buy Jaiprakash Associates Limited's (JP) two cement plants in Madhya Pradesh (5 MTPA) as the Bombay High Court rejected the scheme of …

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Jaypee Group sells cement plants to Ultratech for Rs ...

NEW DELHI: Debt-ridden. Jaiprakash Associates. today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector. However, the size of the deal announced last month has been reduced from Rs 16,500 crore as Jaiprakash Associates Ltd (JAL ...

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JP Cements is just a distress sale but UltraTech gets a ...

Jaypee Associates' Rs 3,800 crore deal to sell its Gujarat cement units to UltraTech is a distress sale. For one, the company has been trying desperately to sell its cement business in order to cut its debt pile of Rs 55,000 crore. Moreover, the valuation is at a huge discount to the earlier estimates of Rs 4,500 crore.

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Jaypee, UltraTech Cement looking to seal Rs16,189 crore ...

UltraTech in July last year said it will acquire Jaiprakash Associates' cement plants, with a total capacity of 21.2 million tonnes per annum, in …

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UltraTech acquires Jaiprakash Associates' cement plants ...

ET first reported that UltraTech was a suitor for the assets in December 2015. The deal announcement comes two days after UltraTech called off a deal with Jaiprakash Associates to buy two cement assets in Madhya Pradesh citing regulatory issues. Both parties had entered into a scheme of arrangement for the plants in December 2014.

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UltraTech Cement completes acquisition of Cement plants …

Mumbai: The Scheme Implementation Committee of the Board of Directors of UltraTech Cement Limited, an Aditya Birla Group company, at its meeting held today, have made effective the Scheme of Arrangement between UltraTech, Jaiprakash Associates Limited (JAL), Jaypee Cement Corporation Limited (JCCL) and their respective shareholders and creditors, ("Scheme") for the acquisition of their …

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Ultratech Cement Ltd - HDFC Bank

Key details of the deal: • As per the deal, Ultratech will get operational capacity of 18.4 mtpa from Jaiprakash Associates Ltd. • Ultratech will spend Rs.4.70 bn on the completion of ongoing addition of 4 mtpa at Bara plant, Madhya Pradesh. • The acquisition is valued at an enterprise value of US$110/tonne, which is below replacement cost

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Ultratech Cements In Its Position

UltraTech Cement, India's largest cement maker and part of the Aditya Birla Group, on 24 th Dec, 2014 said its Board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore. The transaction, which is subject to due diligence, definitive agreements and regulatory approvals, will strengthen UltraTech's position as the ...

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JP deal positions UltraTech as largest cement player: All ...

10. The deal would give UltraTech Cement a significant presence in the key western Indian markets as well as access to a jetty that would enable it to ship cement to new markets. Shares of UltraTech rose 1.37 percent at Rs 1,756 and JP Associates in down 7 percent at Rs 40.45. The Sensex is down 0.5 percent at 19,894.

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UltraTech revives Jaypee deal - Telegraph India

Mumbai, Feb. 28: Aditya Birla Group company UltraTech today announced the acquisition of debt-ridden JP Group's cement plants at an enterprise value of Rs 16,500 crore, just days after the two companies agreed to sever an agreement on the purchase of Jaypee's two cement plants.. In the biggest deal in the sector, UltraTech Cement said it had entered into a binding MoU with Jaiprakash ...

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UltraTech calls off deal for Jaypee cement units - The ...

The Aditya Birla Group's UltraTech Cement on Friday said it has called off its deal to buy Jaiprakash Associates' two cement assets in Madhya Pradesh for Rs 5,400 crore due to …

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UltraTech buys JP's cement plants for Rs 17,000 crore ...

Aditya Birla Group firm UltraTech announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal …

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UltraTech buys Jaypee cement units - Times of India

Last year, UltraTech had agreed to buy Jaiprakash Cement's plant in Gujarat with a capacity of 4.8 mtpa for Rs 3,800 crore including debt. Facebook Twitter …

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UltraTech to buy Jaiprakash cement units in revised deal ...

The new deal excludes a plant in Karnataka with a capacity of 1.2 million tonnes a year, the companies said. UltraTech will now acquire Jaiprakash cement plants in five states with total capacity of 21.2 million tonnes, instead of 22.4 million tonnes proposed earlier.

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Ultratech calls off deal with Jaiprakash Associates to ...

NEW DELHI: Ultratech Cement today said it has called off a deal with Jaiprakash Associates (JAL) to acquire its two plants in Madhya Pradesh for an enterprise value of Rs 5,400 crore. "The Bombay High Court has indicated that based on the recent amendments in the provisions of the Mines and Minerals Act, 1947 (MMDRA), preventing transfer of mines granted other than through …

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Jaiprakash Associates - Cement industry news from Global ...

Jaiprakash Associates previously agreed to sell three cement plants to Orient Cement in mid-2017 but this deal was cancelled after a delay of one year. Prior to this the company sold six integrated cement plants and five grinding plants to UltraTech Cement for US$2.5bn in 2017.

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UltraTech buys Jaiprakash cement plants in new $2.4 ...

UltraTech, part of the Aditya Birla conglomerate, will have a total capacity of 91.1 million tonnes after the deal, which is expected to take about a year to consummate. Jaiprakash has been selling assets to pare its debt. After the latest sale, it will retain cement plants with a total capacity of 10.6 million tonnes, it said.

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UltraTech to buy Jaiprakash cement plants for $852 million

MUMBAI (Reuters) - UltraTech Cement(ULTC.NS) has agreed to buy two cement plants from Jaiprakash Associates (JAIA.NS) for 54 billion rupees ($852 million) including debt, the companies said on ...

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Birla's UltraTech buys JP's cement plants for Rs 17,000 ...

PTI. New Delhi: Aditya Birla Group firm UltraTech Sunday announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal in the sector. UltraTech Cement said it entered into a binding Memorandum of Understanding with Jaiprakash Associates Limited for the acquisition of ...

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Jaiprakash sells cement plants to UltraTech for Rs 15,900 ...

nder the revised deal, UltraTech will buy 21.2 MT of cement capacity from Jaiprakash. Jaiprakash Associates, which was reeling under heavy debt burden, has announced the part sale of its cement business to Aditya Birla group's UltraTech for Rs 15,900 crore in a deal …

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Jaypee to sell most of cement business to UltraTech in Rs ...

The deal with UltraTech does not include 2.1-million tonne cement plant at Bhilai, for which talks are on with Shree Cement. The sale of cement businesses is …

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Ultratech Keen To Acquire JP's Bhilai Cement Plant Too

The issue will be discussed at UltraTech's annual general meeting scheduled for tomorrow in which Group Chairman Kumar Mangalam Birla will address the shareholders highlighting the industry issues ...

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UltraTech's Rs15,900 crore Jaypee cement deal hits a hurdle

UltraTech's Rs15,900 crore Jaypee cement deal hits a hurdle Premium Under the cement deal with Jaiprakash Associates, UltraTech Cement was to purchase 21.2 million tonnes in cement capacity ...

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UltraTech Cement completes acquisition of Cement plants of ...

Mumbai, 29 th June, 2017 UltraTech Cement completes acquisition of Cement plants of Jaiprakash Associates Limited . The Scheme Implementation Committee of the Board of Directors of UltraTech Cement Limited, an Aditya Birla Group company, at its meeting held today, have made effective the Scheme of Arrangement between UltraTech, Jaiprakash Associates Limited (JAL), Jaypee Cement …

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