Announced
Financials
Sources
Tags
Cement
Private
Majority
Single Bidder
Friendly
Pending
cement production
Acquisition
India
Domestic
Synopsis
Dalmia Bharat, an Indian conglomerate, agreed to acquire the cement and power businesses of Jaiprakash Associates, an Indian conglomerate company based in Noida, Uttar Pradesh, for $687m. Dalmia, which has 14 cement plants in 10 states, said the deal was a "significant" step towards reaching 110 mtpa to 130 mtpa capacity by fiscal year 2031, with its current capacity pegged at 37 mtpa.
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