CCI approves proposed acquisition by Dalmia Cement (Bharat) Limited of target assets from Jaiprakash Associates Limited and its associate

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Competition Commission of India
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CCI approves proposed acquisition by Dalmia Cement (Bharat) Limited of target assets from Jaiprakash Associates Limited and its associate

By PIB Delhi

The Competition Commission of India (CCI) approved the proposed combination relating to acquisition of clinker, cement and power plants belonging to Jaiprakash Associates Limited and its associate (Sellers) (Target Assets), by the Dalmia Cement (Bharat) Limited (Acquirer) (Proposed Combination).

The Acquirer is a wholly owned subsidiary of Dalmia Bharat Limited (DBL) which has been in business of the manufacture and sale of cement for over 80 years. DBL is the ultimate parent entity of the Dalmia Bharat Group (i.e., Acquirer Group). DBL (directly and through its “controlled” entities) is primarily engaged in the segments for (i) manufacture and sale of cement, (ii) manufacture and sale of sugar, and (iii) provision of refractory services.

The Target Assets are engaged in the manufacture and sale of clinker in India, 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.

Detailed order of the CCI will follow.

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Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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