Tuesday 28 April 2015

Shree Cement acquires Jaypee Cement Unit

Shree Cement Ltd has announced that the acquisition of the above said unit by the Company has been consummated on April 27, 2015 for an aggregate consideration of Rs. 358.22 Crores. 

Shree Cement

With reference to the earlier letters dated August 25, 2014, September 19, 2014 and November 18, 2014, with respect to acquisition of 1.50 MTPA cement grinding unit of Jaiprakash Associates Ltd. situated at Panipat in the State of Haryana on a going concern basis, In this connection, Shree Cement Ltd has announced that the acquisition of the above said unit by the Company has been consummated on April 27, 2015 for an aggregate consideration of Rs. 358.22 Crores.

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