Acquisitions21 Feb 2024, 10:25 pm
J.K. Cement Ltd. Acquires Toshali Cements Pvt. Ltd.
AI Summary
J.K. Cement Ltd. has completed the acquisition of 100% equity shares of Toshali Cements Pvt. Ltd. for Rs. 90 Cr. The acquisition includes the transfer of mining lease and will help the company expand its footprint in the eastern region. The transaction is not a related party transaction and is subject to necessary statutory and regulatory approvals.,
Key Highlights
- Acquisition of Toshali Cements Pvt. Ltd.
- Expansion into eastern region
- Rs. 90 Cr consideration
- Subject to regulatory approvals