Dalmia Bharat to buy Jaypee’s cement assets at ₹5,666 cr enterprise value1 min read . Updated: 13 Dec 2022, 12:10 AM IST
Jaypee has been trying to reduce debt after State Bank of India initiated insolvency proceedings against it for failing to settle dues of ₹6,892 crore
Debt-laden Jaypee Group has agreed to sell its cement business to Dalmia Cement (Bharat) Ltd at an enterprise value of ₹5,666 crore, the company said.
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