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BRIEF-Orient Cement to acquire Nigrie cement grinding unit of Jaiprakash Power Ventures
October 6, 2016 / 10:11 AM / a year ago

BRIEF-Orient Cement to acquire Nigrie cement grinding unit of Jaiprakash Power Ventures

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: (bit.ly/2dMRX5X) Further company coverage: [ ] (Bengaluru Newsroom)

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