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JK Cement share price tumbles 5% day after company announces to foray into the paints business

JK Cement share price tumbles 5% day after company announces to foray into the paints business

Fri, Dec 23, 2022

JK Cement Share Price: The company informed that it has purchased 60 per cent stake in Rajasthan-based Acro Paints in a Rs 153 crore deal. 

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

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

Thu, Dec 22, 2022

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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