Adani Group in talks to buy Jaiprakash’s cement unit for $606 million

The Adani Group is in advanced negotiations to acquire the cement business of Jaiprakash Associates Limited for $606 million. The acquisition will be made by one of the newly acquired cement units of the Adani Group. The Adani Group ventured into cement-making operations earlier this year with its $10.5 billion acquisition of Holcim AG’s cement businesses in India – Ambuja Cements Limited and ACC.