Dalmia Cement Limited entered into a Share Purchase Agreement to acquire 74% stake in Bhilai Jaypee Cement Limited from Jaiprakash Associates Limited.

Jaiprakash Associates Limited is a diversified group organized around 6 areas of activity: - construction of civil engineering infrastructures (57.8% of net sales); - production of cement and building materials (27.1%); - management of real estate assets (6.8%); - hotel operation (4.5%); - development and operation of hydroelectric and wind plants (2.8%); - other (1%). India accounts for 87% of net sales.