Jaypee-Ultratech Ink Rs.3,800 Cr Deal
  • Elizabeth George
  • Sep 12 2013

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.