Adani Group Says It Has No Plans To Buy Jaiprakash Associates Cement Unit

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Adani Enterprises Says Not Evaluating Plans To Buy Jaiprakash Associates Cement Unit

BENGALURU:

Adani Enterprises Ltd, led by Indian billionaire Gautam Adani, said Friday it was not evaluating a proposal to acquire Jaiprakash Associates Ltd’s cement business.

The Adani Group made the disclosure in a grant application after a Bloomberg News report earlier this week said the conglomerate was in talks to buy the cement unit for $606 million.

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