CCI approves proposed acquisition of Jaiprakash Associates cement, clinker and power plants by Dalmia Cement
New Delhi/IBNS: The Competition Commission of India (CCI) Wednesday approved the proposed combination relating to acquisition of clinker, cement and power plants belonging to Jaiprakash Associates Limited (JAL) and its associate by the Dalmia Cement (Bharat) Ltd.
The acquirer is a wholly owned subsidiary of Dalmia Bharat Limited (DBL) which has been in the business of the manufacture and sale of cement for over 80 years, a statement said on Wednesday.
DBL is the ultimate parent entity of the Dalmia Bharat Group.
DBL is primarily engaged in the manufacture and sale of cement, manufacture and sale of sugar, and provision of refractory services, it added.
The target assets are engaged in the manufacture and sale of clinker in India, the manufacture and sale of grey cement primarily in the states of Madhya Pradesh, Uttar Pradesh, Chhattisgarh and (coal-based) thermal power generation primarily for captive consumption purposes in India.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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