Dalmia Bharat stock drops 5% post deal to acquire cement assets of Jaypee Group
Dalmia Cement has proposed to acquire clinker, cement, and power plants from Jaypee group at an enterprise value of ₹5,666 crore.
Dalmia Cement has proposed to acquire clinker, cement, and power plants from Jaypee group at an enterprise value of ₹5,666 crore.
This comes days after the board of directors of Jaiprakash Power Ventures decided to divest the company's Nigrie cement grinding unit.
This transaction is an important step in our group’s stated objective of becoming debt-free and with this transaction, we will substantially achieve this objective, said Emami Group.