Shree Cement to Acquire Jaypee Cement Unit for Rs 360 Crore

New Delhi: Jaiprakash Associates on Monday said it will sell its cement grinding unit at Panipat to Shree Cement Ltd for Rs 360 crore. At its meeting on Monday, Jaiprakash Associates' board approved the proposed sale of its 1.5 million tonnes per annum capacity cement grinding unit at Panipat on an ongoing concern basis to Shree Cement or any of its associates for a total enterprise value of Rs 360 crore, JP Associates said in a...