UltraTech Cement - March 2017
Early March saw Jaiprakesh Associates, part of the Jaypee Group, get the go-ahead from the National Company Law Tribunal (NCLT) to transfer its cement plants to UltraTech cement, part of the Aditya Birla Group, on a slump exchange basis – a method widely used in India for the sale or transfer of a complete business division of a company as a going concern, including all assets, liabilities, contracts and employees.
