# Dalmia Bharat's acquisition of Jaypee's cement assets hits legal hurdle

Dalmia Bharat's acquisition of Jaiprakash Associates' cement assets for ₹5,666 crore has hit a legal hurdle due to a shareholder dispute at Jaypee Bhilai Cement, with NCLT freezing Jaypee's shareholding.

- Type: Acquisition
- Announced: 2023-09-14
- Where: Bhilai, Chhattisgarh, India
- Status: announced
- Products: cement, clinker, power
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Steel Authority of India Limited](https://endata.com/companies/11081.md) (partner)
- [Dalmia Bharat Ltd](https://endata.com/companies/19939.md) (acquirer)
- [Jaiprakash Associates](https://endata.com/companies/24405.md) (target)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/dalmia-bharats-deal-to-buy-jaypees-cement-assets-hits-a-legal-hurdle/), 2023-09-14: "Dalmia Bharat’s acquisition of Jaiprakash Associates’ cement assets for ₹5,666 crore has hit a legal hurdle due to a shareholder dispute at one of the joint-venture plants."

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