Acquisitions3 Feb 2026, 08:51 pm
JSW Cement Completes Transfer of Securities in Algebra Endeavour
AI Summary
JSW Cement Limited has completed the transfer of 100% securities of Algebra Endeavour Private Limited to Nuvoco Vistas Corporation Limited. This development is in line with the Securities Purchase Agreement executed on 7th November 2025 and 17th November 2025 between the parties involved. The transaction under the Securities Purchase Agreement has been successfully completed, marking a significant step for JSW Cement.
Key Highlights
- JSW Cement has completed the transfer of 100% securities of Algebra Endeavour to Nuvoco Vistas Corporation Limited.
- The transaction is in accordance with the Securities Purchase Agreement executed on 7th November and 17th November 2025.
- Algebra Endeavour Private Limited has power plants at Kutch and Surat.
- Algebra is a subsidiary of Algebra Endeavour Private Limited.
- The transaction marks a significant step for JSW Cement in its acquisition strategy.