Adani Group Says No Plans To Buy Jaiprakash Associates' Cement Unit

Adani Enterprises Ltd on Friday said it was not evaluating a proposal to acquire Jaiprakash Associates' cement business.

Adani Group Says No Plans To Buy Jaiprakash Associates' Cement Unit

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.

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