AV Birla Group to end year on a high - 0 views

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  #1 india incorporated on 26 Dec 14

   

  The $40-billion Aditya Vikram Birla group headed by billionaire Kumar Mangalam Birla announced that it would acquire two cement plants owned by the Jaypee Group for about Rs 5,400 crore ($0.9 billion).

  AV Birla group company Ultratech Cements has signed a memorandum of understanding with the Jaypee group and will now conduct detailed due diligence before proceeding with the deal.

  The deal will add 5 million tonnes capacity to Ultratech's existing 60 million tonnes. The AV Birla Group is India's largest cement maker and the fifth largest in the world.

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  <div class="cArrow"> </div><div class="cContentInner"><p>The $40-billion Aditya Vikram Birla group headed by billionaire Kumar Mangalam Birla announced that it would acquire two cement plants owned by the Jaypee Group for about Rs 5,400 crore ($0.9 billion).</p><p>AV Birla group company Ultratech Cements has signed a memorandum of understanding with the Jaypee group and will now conduct detailed due diligence before proceeding with the deal.</p><p>The deal will add 5 million tonnes capacity to Ultratech's existing 60 million tonnes. The AV Birla Group is India's largest cement maker and the fifth largest in the world.</p><a rel="nofollow" href="http://www.indiaincorporated.com/item/4145-av-birla-group-to-end-year-on-a-high.html">Read more...</a><br /><br />Visit us at: <a title="Link: http://www.indiaincorporated.com" rel="nofollow" href="http://www.indiaincorporated.com/">www.indiaincorporated.com</a></div>

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