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How Many Plants Of Jaypee Ore Sale

The Jaypee group, which has Rs 60,000 crore of debt on its books, was under pressure from the lenders to repay. UltraTech will take over the debt of the cement company from Jaypee, whose loans would then get reduced by Rs 16,500 crore. The enterprise value is far less than the Rs 21,000 crore expected by the Jaypee group until recently. However, with a March-end deadline to repay, Jaypee was ...

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