JP deal positions UltraTech as largest cement player All
· The Aditya Birla Group s UltraTech Cement will acquire Gujarat cement unit of Delhi based Jaypee Cement for Rs 3 800 crore in a move that will help the latter pare its debt by 15 percent The valuation however fell from Rs 4 300 crore earlier following a downturn in the economy and concerns over a mine owned by Jaypee said media reports