JSW Cement approves sale of stake in Algebra to Nuvoco Vistas

Listed Co AcquisitionCore Business DivestedStrategic Transactions View source PDF Explain this filing

JSWCEMENT · price

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

-2.2%Reaction day

₹127.91

prior close

₹131.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%-2.2% vs market

Cement & Cement Products peers, median of 35sector-0.7%-1.5% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 1.5 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

Stock

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10m

-1.3

15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-0.0-2.2-0.7-1.5

Next day

-4.2-0.2-4.0-0.9-3.3

-4.5+0.6-5.1-0.1-4.4

+0.9+0.2+0.7-0.4+1.2

-1.1+0.4-1.5-0.5-0.7

-0.1+1.0-1.2-1.1+0.9

-0.4-0.4-0.0-2.3+1.9

15d

-11.1-1.5-9.6-4.3-6.8

-10.1-5.0-5.0-5.6-4.5

-5.8-5.4-0.4-7.3+1.5

-5.2-3.9-1.2-8.2+3.0

UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 35Pending

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

AI summary

JSW Cement board approved a Securities Purchase Agreement to sell its entire stake in Algebra Endeavour Private Limited to Nuvoco Vistas Corporation Limited. Algebra is the holding company of Vadraj Energy (Gujarat) Limited, which operates power plants in Kutch and Surat. JSW Cement and Alpha Alternatives Holdings are the joint sellers. Nuvoco Vistas is the buyer. Detailed disclosures will follow once the agreement is signed.

Likely market impact

JSW Cement divests its energy asset stake to Nuvoco, freeing up capital. Nuvoco gains power plants in Gujarat.