Dalmia Bharat Ltd is set to acquire Jaiprakash Associates cement units, clinker units, and power plants at an enterprise value of Rs 5,666 crore

The acquisition will give Dalmia group an additional 9.4 million tonnes of cement and clinker capacity.

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JP Associates’ cement, clinker, and power plants to be acquired are situated in the states of Madhya Pradesh, Uttar Pradesh, and Chattisgarh.

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The transaction is subject to due diligence, requisite approvals from lenders/JV partners of Jaiprakash Associates, and regulatory authorities

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The proceeds from the divestment will be used to repay the debts of Jaiprakash Associates Ltd (JAL)

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Earlier in 2016, Jaypee Cement sold a 21.2 MTPA plant to Ultratech Cement for an Enterprise Value/Tonne (EV/T) of $115

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The share price of Dalmia Bharat Ltd rose over 3% on NSE to Rs 1912 on Monday

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On 12 December, Jaiprakash Associates’ shares surged over 9% and were locked in the upper circuit at Rs 11.74 on NSE

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