JK Cement’s wholly owned subsidiary -- JK Maxx Paints has at third tranche invested an amount of Rs 53.31 crore towards the acquisition of balance 20% equity shares of Acro Paints (APL). Consequent upon the present acquisition, JK Maxx Paints has acquired 100% equity share capital of APL, Accordingly APL has become wholly owned subsidiary of JK Maxx Paints with immediate effect. The acquisition facilitated commercial presence of the Company in the Paint & construction chemicals business segment.
JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
Company Name | CMP |
---|---|
Ultratech Cement | 9669.00 |
Ambuja Cement | 609.85 |
ACC | 2465.00 |
Shree Cement | 26062.95 |
Dalmia Bharat | 1769.00 |
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