Breaking News: JK Cements Ltd. Proposes The Acquisition Of Acro Paints At �,�152 Crore Via Its Subsidiary JK Paints

Name: Breaking News: JK Cements Ltd. Proposes The Acquisition Of Acro Paints At �,�152 Crore Via Its Subsidiary JK Paints
Uploaded: 2022-12-22T16:42:01+05:30
Duration: 58 s
Description: JK Cements Ltd. proposes the acquisition of Acro Paints Ltd. at Rs 152 crore via its subsidiary JK Paints. JK Paints Ltd. will acquire 60% equity shares of Acro Paints Ltd. Remaining 40% shall be acquired over a period of 12 months, as per the agreement. The deal provides JK Cements Ltd. an entry into the growing vertical of construction chemicals.

JK Cements Ltd. proposes the acquisition of Acro Paints Ltd. at Rs 152 crore via its subsidiary JK Paints. JK Paints Ltd. will acquire 60% equity shares of Acro Paints Ltd. Remaining 40% shall be acquired over a period of 12 months, as per the agreement. The deal provides JK Cements Ltd. an entry into the growing vertical of construction chemicals.

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Written By: Zee Business Video Team

Updated on: December 22, 2022, 04.46 PM IST