JK Cement’s wholly owned subsidiary -- JK Paints & Coatings (JKPCL) has initially/at first tranche invested an amount of Rs 153 crore and completed the acquisition of 60% equity shares of Acro Paints (APL). Accordingly, APL has become a subsidiary of JKPCL and a step down subsidiary of the company with immediate effect. This acquisition would give commercial presence of the company in the Paint 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.
