Jaypee Group revises bid with UltraTech to ₹16k cr
Jaypee Group flagship firm Jaiprakash Associates on Monday raised the sale value of 21.2 million tonne per annum cement assets to Birla-led UltraTech to ₹16,189 crore. UltraTech has agreed to pay an additional ₹470 crore for the completion of a grinding unit in Uttar Pradesh. Signed in March, the deal is one of the biggest in the domestic cement industry.