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JK Cement’s arm acquires additional 20% stake in Acro Paints

07 Jul 2023 Evaluate

JK Cement’s wholly owned subsidiary -- JK Maxx Paints (JKMPL) has at second tranche invested Rs 60.24 crore towards the acquisition of 20% equity shares of Acro Paints (APL). Consequent upon the present acquisition, JKMPL has acquired total 80% equity share capital of APL 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.



JK Cement Share Price

5726.80 199.55 (3.61%)
20-Apr-2026 14:53 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11899.95
Ambuja Cement 457.65
ACC 1433.05
Shree Cement 25450.00
Dalmia Bharat 1987.95
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