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Jaiprakash Associates inks pact with Shree Cement to divest stake in BJCL: Report

07 Jan 2016 Evaluate

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.

Peers
Company Name CMP
Larsen & Toubro 3915.00
Kalpataru Projects 1435.05
NCC 141.00
Rail Vikas Nigam 205.00
KEC International 406.45
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