Business | Wednesday December 24, 2014
Shares in Jaiprakash Associates jumped over 6 per cent on Wednesday after Aditya Birla Group firm UltraTech Cement agreed to buy two cement plants from the company for Rs 5,400 crore. The deal will help Jaiprakash Associates pare its massive debt, which at the end of FY14 stood at over Rs 70,000 crore.
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