Ambuja Cements Share Price in Focus; Submits ₹580 Crore Offer to Acquire Bankrupt Jaypee Cement

Ambuja Cements has submitted a ₹580 crore bid for bankrupt Jaypee Cement Corporation under the insolvency resolution process, according to The Economic Times reports. The company remains the only bidder after My Home Group withdrew from the process following its ₹300 crore offer.  

The bid is lower than the company’s estimated liquidation value of around ₹880 crore. Lenders are yet to take a final view on the proposal and are understood to be in discussions with the Adani Group-backed company regarding a possible increase in the offer amount. 

Insolvency Case and Creditor Claims 

Jaypee Cement was admitted into the corporate insolvency resolution process in July 2024 after a petition filed by State Bank of India. The company’s total admitted claims stand at ₹3,361 crore, according to information available on the Insolvency and Bankruptcy Board of India website. 

Of the total claims, secured creditors account for ₹2,892 crore, while unsecured creditors have claims worth ₹469 crore. Under the insolvency framework, valuers appointed during the process assess both the fair value and liquidation value of the company’s assets before lenders evaluate resolution plans. 

The liquidation value represents the estimated recovery if assets are sold separately, while fair value shows the expected value of the business as a going concern. In several cases, lenders prefer liquidation when bids are below the liquidation benchmark. 

Earlier Offers Rejected 

Lenders had earlier rejected a ₹227 crore offer submitted by National Asset Reconstruction Company Limited for Jaypee Cement’s debt, citing lower recovery value. 

Separately, the National Company Law Tribunal approved the Adani Group’s ₹14,535 crore resolution plan for Jaypee Associates.  

Court documents showed the proposal had support from NARCL, which held an 85% voting share among lenders. A competing bid from Vedanta offering a higher value was not accepted. 

Cement Capacity and Operations 

Jaypee Cement has an integrated cement manufacturing capacity of 5 million tonnes per annum. The company also operates a 35 MW captive power plant at Jaggayyapet in Andhra Pradesh, while another 25 MW unit at the same site is under implementation. 

Its 1.2 MTPA cement plant at Shahabad in Karnataka, along with a 60 MW captive power unit, is currently suspended. 

Read More: TCS CEO Krithivasan's Salary Hikes 6.3% to ₹28.1 Crore in FY26 with ₹25 Crore Commission! 

Ambuja Cements Share Price Performance  

As of May 18, 2026, 11:48 am, Ambuja Cements share price was trading at ₹425.25, down 1.96% from the previous closing price. 

Conclusion  

With My Home Group exiting the process, Ambuja Cements remains the sole bidder for Jaypee Cement. Lenders are continuing discussions as the current offer remains below the company’s liquidation value. 

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