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India's UltraTech to buy Jaiprakash cement plants for 165b rupees

New Delhi

INDIA'S UltraTech Cement Ltd, part of the Aditya Birla conglomerate, has agreed to buy Jaiprakash Associates Ltd's cement plants for an enterprise value of 165 billion rupees (S$3.4 billion), the companies said on Sunday.

UltraTech, beating competition from domestic and...