Birla acquires Jaypee's cement unit for Rs 3,800 cr
Media reports recently indicated that Aditya Birla Group has acquired Jaypee Group's cement unit in Gujarat for Rs 3,800 crore. The acquisition includes the Jaypee cement unit's debt. As per the non-cash deal, UltraTech will take over the Rs 3,650-crore loan of Jaypee's Gujarat unit and transfer to it Rs 150 crore worth of shares …