JK Cement Limited has informed the Exchange about General Updates on Acquisition
JKCEMENT · price
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JK Cement has informed the exchanges about a minor correction to its earlier announcement dated 6th June 2025 regarding the acquisition of Saifco Cements Pvt. Ltd. The company is acquiring 60% equity shareholding from existing shareholders of Saifco, along with a fresh issue of shares by Saifco. The consideration paid for the 60% stake has been corrected to Rs. 149.79 Crores (from the earlier mistakenly stated Rs. 149.81 Crores). This is a typographical correction and does not change the substance of the deal.
No material change for shareholders — this is purely a correction of a small numerical typo in a previously disclosed acquisition. The Rs. 0.02 Crore difference is negligible and does not alter the deal's economics or strategic significance.