In a bid to serve its Rs 40,000-crore debt, Jaiprakash Associates has reportedly entered into agreement with Shree Cement to sell stake in the 2.1-million tonne Bhilai Jaypee Cement (BJCL) for an enterprise value of Rs 2,100-2,200 crore.
Jaypee Group is the country’s third largest cement maker. Swiss major Holcim owns majority stake in both ACC and Ambuja Cement with a combined capacity of around 52 mtpa in India.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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