UltraTech Cement is learnt to be in talks to buy stakes Jaypee Group‘s cement business in Ahmedabad, exclusive sources told CNBC-TV18. The deal is valued at around USD 700-890 million which is likely to close by year-end. The proceeds would be used to meet capacity expansion and retire debt, among others.
first published: Dec 3, 2012 11:08 am
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