Ultratech-Jaypee Rs. 3,800 cr deal gets CCI approval.

Aditya Birla Group firm Ultratech's nearly Rs. 3,800 crore deal with Jaypee Cement Corporation to acquire its facilities in Gujarat, has received approval of fair trade watchdog CCI that ruled the transaction does not raise unfair competition concerns.

As per the deal, Ultratech, a leading manufacturer of cement in India, will acquire Jaypee's cement unit in Gujarat comprising an integrated cement plant at Sewagram, limestone reserves, captive power plant and mining leases, among others.

HBL