UltraTech Cement’s scheme of arrangement with Jaypee Cement Corporation (JCCL) has been approved by Bombay High Court (HC) and Allahabad High Court. The scheme of arrangement is for acquisition of the cement unit of JCCL in Gujarat, comprising of an integrated cement unit at Sewagram and grinding unit at Wanakbori. Meanwhile, the scheme was approved by Securities and Exchange Board of India (SEBI) on May 21, 2013.
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