# Orient Cement to acquire 74% stake in Bhilai Jaypee Cement from Jaiprakash Associates

Jaiprakash Associates has executed a definitive agreement with Orient Cement for the sale of its 74% equity stake in Bhilai Jaypee Cement, based on an enterprise value of Rs 1,450 crore.

- Type: Acquisition
- Announced: 2017-05-31
- Where: India
- Value: $224.0M (14.5B INR)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jaiprakash Associates](https://endata.com/companies/24405.md) (target)
- [Orient Cement](https://endata.com/companies/24597.md) (acquirer)
- [Bhilai Jaypee Cement](https://endata.com/companies/24598.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/jaiprakash-associates-signs-definitive-agreement-with-orient-cement-117053100737_1.html), 2017-05-31: "Jaiprakash Associates has executed today a definitive agreement with Orient Cement (OCL), a part of CK Birla Group, as authorized by the Board of Directors of the Company on 6 October 2016 for acquisition by OCL of Company's 74% equity stake in Bhilai Jaypee Cement"

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