Jaiprakash Power Ventures has informed that in line with the Company's continuing endeavour to exit the Non-Core Assets and as approved by the Board of Directors of the Company, based on the recommendations of its Audit Committee, at the meeting held today December 12, 2022, a binding Framework Agreement has been signed by the Company for divestment of the 2 MTPA Jaypee Nigrie Cement Grinding Unit to Dalmia Cement (Bharat) (DCBL), wholly owned subsidiary of Dalmia Bharat, for a consideration of Rs 250.00 Crores. In this connection, the company has attached a copy of the Jaypee Group Press Release being issued to the media.
The above information is a part of company’s filings submitted to BSE.
