Jaiprakash Associates Limited has sold its cement undertakings in Rewa, Churk, Chunar, and Sadwa to Dalmia Cement (Bharat) Limited for a consideration of ₹2,850 Crores. The transaction was consummated on May 29, 2026, pursuant to a business transfer agreement cum settlement agreement. This strategic move is intended to settle and bring quietus to all disputes and differences between the two companies concerning ongoing legal proceedings, a pending arbitral award, and a framework agreement executed in December 2022.

The sale includes cement plants located in Rewa (Madhya Pradesh) and Churk, Chunar, and Sadwa (Uttar Pradesh). By finalizing this agreement, Jaiprakash Associates aims to resolve all existing litigations and arbitral matters with Dalmia Cement (Bharat) Limited. The consideration of ₹2,850 Crores will be paid as part of the settlement terms agreed upon by both parties.

Transaction Details

The following table outlines the key details of the transaction:

The disclosure was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Som Nath Grover, Company Secretary & Compliance Officer of Jaiprakash Associates Limited, signed the filing on behalf of the company.