UltraTech Cement Share Price in Focus; Settles Jaiprakash Associates Dispute Over Dalla Super Unit and Mines

UltraTech Cement Limited has settled its dispute with Jaiprakash Associates Limited (JAL) following a final arbitral award dated 26 March 2026.  

As per the filing, the development concludes arbitration proceedings related to an earlier acquisition of cement assets. 

Origin of the Issue 

The dispute stems from a Scheme of Arrangement approved by the National Company Law Tribunal, under which UltraTech acquired certain cement plants from JAL.  

As part of the transaction, the company issued 1,00,000 Series A Redeemable Preference Shares (RPS) in June 2017. Each share had a face value of ₹1,00,000, aggregating ₹1,000 crore, and was placed in escrow pending fulfilment of specified conditions.  

Dispute Over Conditions 

The escrow arrangement was linked to the transfer of the Dalla Super cement unit and associated limestone mines in Uttar Pradesh. Differences emerged between the parties over the completion of these conditions and the treatment of the preference shares.  

This led to arbitration proceedings to resolve claims and obligations tied to the transaction. 

Terms of Settlement 

Following the arbitral award, all rights, title and interests in the Dalla Super unit and the related mines have been transferred to UltraTech. The company stated that all claims, proceeds and liabilities associated with the Series A RPS stand discharged.  

The settlement clears the path for redemption of the ₹1,000 crore preference shares issued earlier. 

Balance Sheet Impact 

The resolution removes a pending issue linked to the acquisition and clarifies the status of the escrowed instruments.  

With liabilities relating to the preference shares settled, the company’s capital structure becomes simpler. The transfer of the unit also provides full ownership of the asset. 

Read More: UltraTech Cement to Purchase 26.18% Stake in Sunsure Solarpark! 

UltraTech Cement Share Price Performance  

As of March 27, 2026, 9:55 am, UltraTech Cement Ltd share price was trading at ₹11,047.00, a 1.40% decrease from the previous closing price. 

Conclusion 

The settlement closes a dispute linked to a transaction completed nearly 9 years ago. With arbitration concluded and the terms implemented, both parties have resolved outstanding claims, and the related financial instruments have been addressed. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.