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JK Cement acquires equity shares in Nay Energy through right issue

01 Dec 2023 Evaluate

JK Cement has acquired further 6,55,999 Equity Shares of Nay Energy through right issue in proportion to the existing shareholding offered by Nay Energy. Hence the percentage of investment of Company in Nay Energy shall be remain same i.e. 26% after above said acquisition of shares. 

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.

Peers
Company Name CMP
Ultratech Cement 11214.40
Ambuja Cements 355.90
ACC 1153.05
Shree Cement 23120.65
Dalmia Bharat 1407.80
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