Sri Chakra Cement Ltd. Approves Sale of Grinding Unit and Land Parcels to J.K. Cement Ltd. for ₹ 8.08 Crores

Sri Chakra Cement Ltd. has announced the sale of its Grinding Unit and certain land parcels to J.K. Cement Ltd. for approximately ₹ 8.08 Crores. The assets are currently not operational and the sale is in line with the company's objective of rationalising and monetising non-core assets. The transaction does not constitute a substantial part of the company's undertaking and is not expected to have a material impact on its ongoing operations. The sale is subject to customary conditions precedent and the completion of due diligence by the purchaser.