JK Cement buys additional 12.21 percent stake in O2 Renewable Energy V for Rs 5.19 cr

Acquisition announcedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹5707.00

prior close

₹5737.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.0%-1.5% vs market

Cement & Cement Products peers, median of 34sector+0.0%-1.6% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Midcap 150 and 1.6 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

-1.5-0.0-1.5+0.0-1.6

Next day

-1.6+0.4-1.9-0.0-1.6

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15d

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-3.1-5.1+2.0-7.7+4.6

UpDownMarket · Nifty Midcap 150Sector · Cement & Cement Products peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JK Cement acquired an additional 12.21 percent equity stake in O2 Renewable Energy V Private Limited from JSW Neo Energy for Rs 5.19 crore in cash, at Rs 11.18 per share. The company's overall holding in the SPV rises from 16.76 percent to 28.97 percent. The SPV operates a 22 MW wind power project in Karnataka, with FY25 turnover of Rs 20.29 crore. An amendment to the shareholders agreement will be executed.

Likely market impact

Minor deal size; strengthens JK Cement renewable energy strategy via additional stake in 22 MW wind power SPV.