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UltraTech Cement settles JAL dispute, redeems ₹1,000 crore shares

pre-market1 source ↓written by the desknot a recommendation

of preference shares
₹1,000 crore
to acquire JAL
₹14,535 crore

UltraTech Cement has settled its arbitration with Jaiprakash Associates (JAL), agreeing to redeem ₹1,000 crore of preference shares linked to the Dalla Super cement asset. This resolution aids in monetizing Jaypee assets following Adani Group's recent takeover approval of JAL. The settlement is expected to reduce Adani's cash outflow under the resolution plan, benefiting lenders directly.

• Adani Group offered ₹14,535 crore to acquire JAL in insolvency.

• The dispute arose from deferred redemption of shares due to regulatory issues.

This settlement may enhance market sentiment for UltraTech Cement and related sectors.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 27 Mar 2026, 07:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ULTRACEMCO closed −1.4% on the day of the news, from ₹11,204.00 to ₹11,049.00; Nifty −2.1% over the same session; futures OI −1.2%.

Bulletin at 07:06 IST on 27 Mar 2026. Every change is measured from ₹11,204.00, the last close before it, on 25 Mar. Nifty 50 is measured over the same sessions.

  • ULTRACEMCO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ULTRACEMCO closes around the bulletin against the close before the news, with Nifty 50 rebased to it103121120412096axis spans 17%before the news · 25 Mar11204Nifty 50ULTRACEMCObulletinD0+1+3+519 Mar2 Apr15 AprFutures open interest, lotspeak 50,000Reference close ₹11,204.00. 16 sessions from 19 Mar to 15 Apr; the price axis spans 17 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before25 Mar₹11,204.00basebase
On the day27 Mar₹11,049.00▼ −1.4%▼ −2.1%+0.7 pp difference
+1 session30 Mar₹10,745.00▼ −4.1%▼ −4.2%+0.1 pp difference
+3 sessions2 Apr₹10,620.00▼ −5.2%▼ −2.5%−2.7 pp difference
+5 sessions7 Apr₹10,936.00▼ −2.4%▼ −0.8%−1.6 pp difference
Gap at the open, % · ₹
▼ −0.3%−30.25 on 27 Mar
Day's range, % · ₹
1.8%≈ 200 high to low
Volume on the day
1.07×the 20-session average
Futures OI on the day
▼ −1.2%−570 lots · long unwinding · price −1.4%
Futures OI open, lots
48,00027 Mar · 30 Mar expiry
Futures premium, ₹
−31.00−0.3% to spot
Puts per call, by OI
0.53from 0.60 the session before
Max pain
11,400from 11,400 the session before

Source NSE UDiFF bhavcopy · ULTRACEMCO on the desk →

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