India’s Jaiprakash denies stake sale report

India’s Jaiprakash denies stake sale report
Published: 08 September 2011

Jaiprakash Associates Ltd has not submitted a proposal to dilute up to 26 per cent of its cement business to its restructuring committee, a statement said on Wednesday, denying an earlier media report.

The report named Cemex and South America’s Votorantim Group among the possible candidates.