The Economic Times

UltraTech settles arbitration dispute with Jaiprakash Associates over Dalla Super unit and mines

UltraTech Cement has settled its arbitration with Jaiprakash Associates Ltd concerning the Dalla Super unit and associated mines. The company will redeem preference shares valued at Rs 1,000 crore. This resolution concludes a long-standing dispute. The settlement also aids in monetizing Jaiprakash Associates' assets during its insolvency process. Adani Group is the successful bidder in that process.