jaypee group: Dalmia Bharat's deal to buy Jaypee's cement assets hits a legal hurdle
Dalmia Bharats acquisition of Jaiprakash Associates cement assets for ₹5,666 crore is facing a legal hurdle due to a shareholder dispute at one of the joint-venture plants involved in the deal. The National Company Law Tribunal (NCLT) has ordered a freeze on Jaypees shareholding in Jaypee Bhilai Cement, a joint venture between Jaiprakash Associates and Steel Authority of India Limited (SAIL).
Uttar Pradesh Dalmia Bharat Jaypee Group Jaiprakash Associates Steel Authority Of India Limited National Company Law Tribunal
Source: indiatimes.com