Adani denies cement deal with Jaypee group
Adani Enterprises on Friday said it was “not evaluating’’ any proposal to acquire the Jaypee group’s cement business.
“It is submitted that the company is not evaluating any such proposal and hence we are not in a position to comment on the veracity of said media report. In the event there is any development that requires disclosure under Regulation 30 of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, we will responsibly disclose the same in accordance with the regulatory requirements,’’ the flagship company of the Adani group said in a regulatory filing.
The announcement led to the shares of Jaiprakash Associates slumping 7.29 per cent to Rs 10.56 on the BSE. The shares of another group company, Jaiprakash Power Ventures Limited (JVPL), ended unchanged at Rs 7.85.
