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Ultratech In Talks To Buy Jaiprakash Associates Cement

Sep 23, 2013 After prolonged speculation, UltraTech Cement Ltd is looking to acquire the cement assets of Jaiprakash Associates Ltd in Gujarat for a consideration of R38 bn. While the transaction could be earnings dilutive in the near term for UltraTech Cement capacity utilisation of 65 at Gujarat, it helps UltraTech Cement further consolidate its position in the West and allows JAL to redeem a fraction.

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