Home News Industry News Jaypee Group plans to sell cement business

    Jaypee Group plans to sell cement business

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    Jaypee-cement22Jaypee Group is reportedly planning to sell cement business. Aditya Birla flagship UltraTech, Dalmia Bharat backed by private equity investor KKR and Shree Cement are among prospects approached to take over the Jaypee Group cement business. If the deal goes through, the plan is to structure the other business into separate units. ICICI Securities has been appointed by Jaypee Group to manage the formal sale process.

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