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UltraTech to acquire Jaypee cement units at Rs.5,400 crore

UltraTech to acquire Jaypee cement units at Rs.5,400 crore

Kumar Mangalam Birla-led Aditya Birla Group´s flagship firm UltraTech Cement has decided to acquire two cement units of Jaiprakash Associates with a combined capacity of 4.9 million tonnes per annum in Madhya Pradesh for an enterprise value of Rs 5,400 crore.