UltraTech Cement strikes deal with Jaypee Group to bag
JSW Cement had been eager to acquire Jaypees cement assets. The Gaurs, who have been in touch with the Jindals of JSW to sell their power plants, had this month reengaged with them for the cement business as well. Sajjan Jindals move to buy out Jaypees entire 33 MTPA cement portfolio last year failed due to differences over valuation.