Shree Cement, JP Associates in deal

Our Bureau | Updated on: Mar 12, 2018

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Shares of Jaiprakash Associates and Shree Cement are likely to remain active on Tuesday as the latter is set to acquire the former’s 1.5-MTPA cement grinding unit at Panipat, Haryana for around ₹360 crore. Both the companies informed the exchanges of the deal after market hours. Jaypee Group has been selling its cement assets to reduce its debt of ₹60,000 crore. Last year, it sold the Gujarat cement plant to UltraTech Cement for ₹3,800 crore.

Published on August 25, 2014
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