Investment3 Dec 2025, 07:52 pm
JK Cement Ltd Acquires 12.21% Stake in O2 Renewable Energy V Private Limited for Rs. 5,19,38,456
AI Summary
JK Cement Limited has acquired 46,45,658 equity shares, constituting 12.21% of O2 Renewable Energy V Private Limited’s equity share capital, for a total cash consideration of Rs. 5,19,38,456. This acquisition will increase the Company’s overall shareholding in the SPV from 16.76% to 28.97%. The SPV has installed a 22 MW wind power project supplying power to the Company and other identified consumers.
Key Highlights
- JK Cement Ltd has acquired 12.21% stake in O2 Renewable Energy V Private Limited for Rs. 5,19,38,456.
- The acquisition will increase the Company’s overall shareholding in the SPV from 16.76% to 28.97%.
- The SPV has installed a 22 MW wind power project supplying power to the Company and other identified consumers.