ICICI Bank, for instance, classified Rs 5,378 worth of exposure to JAL's cement assets as non-performing in that quarter. Apart from ICICI Bank, Axis Bank, YES Bank and other lenders to JAL will see profitability increase on account of this deal in Q1 FY'18. Way Forward Birla Group's acquisition of cement business has come after a gap of almost 14 years and is said to be the largest acquisition of cement assets in India, admit the bankers. However, it is also the biggest 'stressed assets' resolution as yet in the country. The conclusion of the transaction, which the two parties had entered into in July 2016, comes after major developments in the Aditya Birla Group. It has seen merger of group companies Grasim Industries Ltd and Aditya Birla Nuvo Ltd, the spinning off and listing of the group's financial services business, and a mega telecom merger of its Idea Cellular Ltd with Vodafone's Indian business. However, this merger comes with both pros and cons.