Jaypee Cement and Birla cement deal in final stages

The Jaypee Group and the Aditya Birla Group for sale of the former’s cement units in Gujarat have reached the last lap and a decision is expected any time, according to a source directly involved. The deal, if it fructifies, will result in the Birlas paying close to $800 million or Rs 4,357 crore for the units and help Jaypee Group retire its debt.
The talks are centred around final valuation of the unit. There is an issue over the valuation of the units from the Birlas’ side, who think

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