Brief: Orient Cement to acquire Nigrie cement grinding unit of Jaiprakash Power Ventures

Jaiprakash Power Ventures

06/10/2016 11:03

Oct 6 (Reuters) - Orient Cement Ltd:  
    * Orient Cement Ltd says appproved acquisition of Nigrie 
cement grinding unit of Jaiprakash Power Ventures Ltd 
    * Orient Cement Ltd says deal for a consideration of 5 
billion rupees 
    * To acquire 281 million shares of Bhilai Jaypee Cement Ltd 
from Jaiprakash Associates 
    * To acquire 752 shares of Bhilai Jaypee Cement Ltd from 
nominee of Jaiprakash Associates 
 
Source text: (http://bit.ly/2dMRX5X) 
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 (Bengaluru Newsroom) 
 ((ReutersIndia.snapping@thomsonreuters.com;))