UltraTech Cement to acquire Jaiprakash Associates' cement business for Rs16,189 crore

UltraTech Cement's acquisition of Jaiprakash Associates' cement assets, valued at Rs16,189 crore, is expected to be completed by July 2017. The deal adds 21.2 million tonnes per annum capacity.

“The Jaiprakash Associates acquisition is on track and should get done sooner than later.”livemint.com

• 7 sources
• livemint.comJaypee, UltraTech Cement looking to seal Rs16,189 crore deal by JulyDeborshi Chaki, Kalpana PathakMay 21, 2017
• cemnet.comUltraTech's purchase of Jaiprakash assets reportedly nears completionMay 22, 2017
• cemnet.comIndia: M&A activity at the top | CemNetMay 26, 2017
• economictimes.indiatimes.comJaypee Group: UltraTech completes acquisition of Jaiprakash group cement business - The Economic TimesJun 29, 2017
• adityabirla.comUltraTech Cement completes Acquisition of Cement PlantsJun 30, 2017

Summarized from public sources; check the original articles before acting on it.