In a setback for banks, UltraTech drops plan to buy Jaypee Plant - Business News: Latest News & Videos about market and economy | Trendmergers

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In a setback for banks, UltraTech drops plan to buy Jaypee Plant

The UP-based 3 million tonne plant was part of the Rs 16,189-crore acquisition of six integrated cement plants and five grinding units with a capacity of 21.2 million tonnes of the Jaypee Group by UltraTech , which was completed in 2017. These acquisitions were part of a banks-led restructuring plan for the Jaypee Group.

from Industry-Economic Times
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