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The Economic Times

Economy / The Economic Times

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Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bid

In a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this bid falls short of the company's liquidation value, prompting lenders to engage in discussions with Ambuja for a more favorable offer.

18 May 2026 12:33 am