# 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.

- Type: Acquisition
- Announced: 2023-09-14
- Where: India
- Value: $683.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Steel Authority of India Limited](https://endata.com/companies/11081.md) (partner)
- [Jaiprakash Associates](https://endata.com/companies/24405.md) (target)
- [Dalmia Cement Bharat Limited](https://endata.com/companies/33826.md) (acquirer)
- [Jaypee Bhilai Cement](https://endata.com/companies/72613.md) (target)

## Sources

- [globalcement.com](https://globalcement.com/news/16953-shareholder-dispute-at-jaypee-bhilai-cement-threatens-dalmia-cement-bharat-s-jaiprakash-associates-cement-acquisition), 2023-09-14: "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."

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