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New Delhi: CK Birla Group firm Orient Cement Ltd Wednesday said it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group

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It is buying 74 per cent share of Bhilai Jaypee Cement from Jaiprakash Associates Ltd and its nominee for a total enterprise value of Rs 1,450 crore. Besides, it will also acquire Nigrie Cement Grinding Unit as going concern from Jaiprakash Power Ventures for a total consideration of Rs 496 crore.

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