Dalmia Cement's acquisition of Jaiprakash Associates' cement business threatened by shareholder dispute

Dalmia Cement (Bharat)'s planned acquisition of Jaiprakash Associates' cement business for US$683m faces a potential stumbling block due to an on-going shareholder dispute at subsidiary Jaypee Bhilai Cement. A court has frozen Jaiprakash Associates' 74% shareholding in Jaypee Bhilai Cement.

“Dalmia Cement (Bharat) faces a potential stumbling block to its planned acquisition of Jaiprakash Associates’ cement business for US$683m due to an on-going shareholder dispute at subsidiary Jaypee Bhilai Cement.”globalcement.com

• 1 source
• globalcement.comShareholder dispute at Jaypee Bhilai Cement threatens Dalmia Cement (Bharat)’s Jaiprakash Associates cement acquisition - Cement Sector News - Global CementGlobal Cement staffSep 14, 2023

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