Cement News tagged under: Bhilai Jaypee Cement
Jaiprakash Associates to sell stake in Bhilai Jaypee cement01 September 2017, Published under Cement NewsJaiprakash Associates has decided to sell its entire 74 per cent stake in Bhilai Jaypee Cement to Orient Cement for INR14,500m (US$226.6m), while raising another up to INR20,000m by issuing securities. The transaction is expected to be completed by 2017-end, the company said in a notice to shareholders for AGM to be held on 23 September 2017. The company aims to reduce its debt and fulfill its working capital requirements with this action. Bhilai Jaypee Cement owns a 1.1Mta clinker pla... |
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