- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Board of Directors has approved the financial results for the quarter and nine months ending December 31, 2024, which are now available on the company’s website. In a strategic move, JK Cement is set to acquire a 60% equity stake in Saifco Cements Private Limited, with a transaction value of ₹174 crore (Cr). This acquisition allows JK Cement to enhance its presence in the Jammu and Kashmir region, where Saifco operates a cement plant with a clinker capacity of 0.26 million tonnes per annum (MnTPA) and grinding capacity of 0.42 MnTPA. This transaction is expected to complete within six months, subject to legal and financial due diligence and other conditions. Additionally, the company plans to establish a wholly owned Section 8 Company focused on promoting startups and incubators. Overall, these developments reflect a positive outlook for the company's growth and strategic positioning in new markets.