JK Cement has received an approval to make Jaykaycem (Central), an unlisted, public limited and part of promoter Group Company, its wholly owned subsidiary by acquiring 100% paid up equity capital. The board of directors at its meeting held on June 26, 2015 has approved for the same.
This acquisition will facilitate to implement the business plan of Jaykaycem (Central) and/or to implement its future cement project(s).
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.
