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The Economic Times

Economy / The Economic Times

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UltraTech settles JAL dispute, agrees to redeem Rs 1k-cr shares

UltraTech Cement has finally settled a lengthy arbitration dispute with Jaiprakash Associates, paving the way for a fresh financial landscape. Under the newly minted agreement, 1,000 crore worth of preference shares tied to the Dalla Super cement project will be redeemed. This resolution is strategically aligned with the Adani Groups recent acquisition, potentially easing their initial cash burden.

26 Mar 2026 12:56 am