Adani Enterprises says not evaluating plans to buy Jaiprakash Associates cement unit

BENGALURU:

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

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

Source link: https://www.ndtv.com/business/adani-group-says-no-plans-to-buy-jaiprakash-associates-cement-unit-3431048