# 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.

- Type: Acquisition
- Announced: 2017-05-21
- Where: Himachal Pradesh, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Andhra Pradesh, India
- Value: $2.50B (161.9B INR)
- Status: announced
- Capacity: 21.2 million tonnes per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ultratech Cement](https://endata.com/companies/16256.md) (acquirer)
- [Jaiprakash Associates](https://endata.com/companies/24405.md) (target)
- [Jaypee Cement Corporation](https://endata.com/companies/25263.md) (target)

## Sources

- [livemint.com](https://www.livemint.com/Companies/VQ5pHRyLvOlZd81yJILCTL/Jaypee-UltraTech-looking-to-cement-Rs16189-crore-deal-by-J.html), 2017-05-21: "The Jaiprakash Associates acquisition is on track and should get done sooner than later."
- [cemnet.com](https://www.cemnet.com/News/story/161750/ultratech-s-purchase-of-jaiprakash-assets-reportedly-nears-completion.html), 2017-05-22: "The Jaiprakash Associates acquisition is on track and should get done sooner than later."
- [cemnet.com](https://www.cemnet.com/News/story/161779/india-m-a-activity-at-the-top.html), 2017-05-26: "Earlier this week, it was reported that the company is nearing completion of an agreement to acquire the cement division of Jaiprakash Associates for INR160bn, with local sources saying the deal is expected to close in July."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ultratech-completes-acquisition-of-jaiprakash-group-cement-business/articleshow/59372842.cms), 2017-06-29: "This transaction, valued at Rs 16,189 crore, is the largest deal to be concluded so far, involving a major financial restructuring programme."
- [adityabirla.com](https://www.adityabirla.com/en/media/press-releases/ultratech-cement-completes-acquisition-of-cement-plants-of-jaiprakash-associates-limited/), 2017-06-30: "This move is essentially for geographic market expansion, enabling UltraTech’s entry into the high growth markets of India where it needed greater reinforcement."
- [moneycontrol.com](https://www.moneycontrol.com/news/business/jaiprakash-associates-eyeing-rs-6000-cr-topline-from-balance-biz-post-ultratech-deal-2315399.html), 2017-06-30: "It has been a complex transaction but it could only be concluded because of very high trust level between both the organisations and the quality of assets."
- [constructionbriefing.com](https://www.constructionbriefing.com/news/ultratech-buys-jaypee-cement/1127923.article?zephr_sso_ott=KbTPZk), 2017-07-01: "This move is essentially for geographic market expansion, enabling UltraTech’s entry into the high growth markets of India where it needed greater reinforcement."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.