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Jaypee-Ultratech Ink Rs.3,800 Cr Deal

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September 12: Aditya Birla Group's Ultratech Cement will acquire Gujarat cement unit of Jaypee Cement for Rs.3,800 crore. Kumar Mangalam Birla's sixth acquisition in the past 10 years gives them high-quality assets in the region at a fair price. “The deal structure meets both the parties’ needs,” he says, adding that acquiring an operational project is simpler than starting a new one.