Jaiprakash Associates completes sale of 74% stake in Bokaro Jaypee Cement

For Rs 667.56 crore

Jaiprakash Associates announced that the sale of 74% stake in the paid up equity share capital of Bokaro Jaypee Cement (a joint venture between the Company and Steel Authority of India) has been consummated on 29 November 2014 with the receipt of consideration of Rs.667.56 crore by the Company and transfer of 9,89,01,000 equity shares of Bokaro Jaypee Cement to Shri. Rangam Securities & Holdings, an Associate / Affiliate of Dalmia Cement (Bharat).

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