Dalmia Bharat subsidiary, Dalmia Cement (Bharat), has signed a Business Transfer Agreement for the acquisition of cement assets owned by Jaiprakash Associates (JAL). JAL was recently acquired by the Adani Group through an insolvency resolution process, and the total enterprise value of the deal stands at Rs 2,850 crore. Dalmia Bharat: Transfer Agreement Key Details As per Dalmia Bharat’s regulatory filing, DCBL executed a Business Transfer Agreement with Adani Group-acquired JAL under the Insolvency & Bankruptcy Code on May 21. Under the scope of the agreement, DCBL will take over JAL’s cement assets comprising its plants located in Madhya Pradesh and Uttar Pradesh.