Divestment29 May 2026, 08:31 pm
Jaiprakash Associates Sells Cement Units to Dalmia for ₹2,850 Cr
AI Summary
Jaiprakash Associates Ltd has completed the sale of its cement undertakings in Rewa (Madhya Pradesh), Churk, Chunar, and Sadwa (Uttar Pradesh) to Dalmia Cement (Bharat) Limited (DCBL) for a consideration of ₹2,850 Crores. The sale was executed through a business transfer agreement cum settlement agreement. This transaction aims to settle all disputes and differences between Jaiprakash Associates and DCBL, including ongoing legal proceedings, the pending arbitral award, and the framework agreement from December 2022.
Key Highlights
- Jaiprakash Associates sells cement units to Dalmia Cement for ₹2,850 Cr.
- The sale includes units in Rewa, Churk, Chunar, and Sadwa.
- Transaction aims to resolve disputes between Jaiprakash and Dalmia Cement.
- The agreement settles legal proceedings and a pending arbitral award.
Price Impact
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