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JK Cement completes acquisition of 100% stake in Toshali Cements

22 Feb 2024 Evaluate

JK Cement has completed the acquisition of 100% stake of Toshali Cements (TCPL / Toshali). Upon this acquisition, Toshali has become a wholly owned subsidiary of the Company with immediate effect. The acquisition will help the company to expand its footprint into the Eastern Region.

The investment of Rs 10.75 crore would be paid to the existing promoters of Toshali Cements for acquisition of 100% equity, Rs 70.85 crore to be invested in form of Compulsorily Convertible Debentures (CCDs) of Toshali to discharge the debt and dues of Promoters and Promoters group companies and Rs 8.40 crore to be infused to Toshali to payout the outstanding liabilities.

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

5431.05 -16.75 (-0.31%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11769.75
Ambuja Cement 453.95
ACC 1429.35
Shree Cement 24960.60
Dalmia Bharat 1973.50
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