JK Cement’s promoter sells 2.86% stake

JK Cement’s promoter Yadupati Singhania has sold 20 lakh shares, or 2.86 per cent stake in the company, on January 25, 2017 through the open market. Post-transaction, the promoter’s stake in the company has fallen to 17.57 per cent.

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.