The Exchange has sought clarification from JK Lakshmi Cement Limited with respect to recent news item captioned JK Lakshmi, Chettinad in race to acquire Deccan Cements amid Andhra infrastructure push: Report. The response from the Company is attached.
JKLAKSHMI · price
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Awaiting price reaction for this filing.
The NSE asked JK Lakshmi Cement to clarify a media report that the company, along with Chettinad, was in the race to acquire Deccan Cements amid an Andhra Pradesh infrastructure push. In response, the company stated that it regularly evaluates various opportunities as part of its inorganic growth strategy. However, it confirmed that there is currently no material event or development that would require disclosure under SEBI's Listing Regulations. The company reaffirmed its commitment to timely and accurate disclosures going forward.
This is a neutral-to-slightly-positive clarification: the company has neither confirmed nor denied acquisition interest, leaving the door open while signalling nothing is finalised. Short-term stock price may see volatility on speculation, but no concrete deal has been announced.