Jaiprakash Associates’ (JP Associates) proposed sale of entire 74% stake in Bhilai Jaypee Cement for an enterprise value of Rs 1,450 crore is expected to be concluded by year-end and plans to raise up to Rs 2,000 crore through sale of securities.
To revive its business operations and repay debt, the company has divested a substantial portion of its cement business with a capacity of 17.2 MTPA to Aditya Birla Group firm UltraTech Cement at an enterprise value of Rs 16,189 crore.
Jaiprakash Associates is an India-based diversified infrastructure conglomerate. Its business sectors include engineering and construction; manufacturing and marketing of cement; energy (power and transmission); expressways; real estate, and hospitality.
Company Name | CMP |
---|---|
Larsen & Toubro | 3555.00 |
Rail Vikas Nigam | 259.65 |
KEC International | 702.60 |
Kalpataru Projects | 1177.00 |
NCC | 246.10 |
View more.. |