Acquisition of cement units of Jaiprakash Associates Limited

The Board of Directors of UltraTech Cement Limited, an Aditya Birla Group company, at its meeting held today, in continuation of its agreement signed on the 31st of March 2016, approved a Scheme of Arrangement between the Company, Jaiprakash Associates Limited, Jaypee Cement Corporation Limited and their respective shareholders and creditors (“Scheme”) for acquisition of cement plants for a total capacity of 21.2 mtpa at an enterprise value of Rs 16,189 crs.

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