JSW Cement completes sale of Algebra stake to Nuvoco Vistas

Strategic Transactions View source PDF Explain this filing

JSWCEMENT · price

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

+1.1%Reaction day

₹114.83

prior close

₹114.79

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%+0.3% vs market

Cement & Cement Products peers, median of 34sector+1.2%-0.1% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 0.1 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

-0.1

10m

+0.0

15m

+0.3

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+0.8+0.3+1.2-0.1

Next day

+7.3-0.3+7.6+1.1+6.2

+5.4-0.6+6.0+0.3+5.0

+7.6+1.9+5.7+1.9+5.7

+5.6+2.4+3.2+2.0+3.7

+3.2+2.6+0.6+1.0+2.2

+3.6+0.2+3.5-1.0+4.7

15d

+8.9+0.5+8.4-2.8+11.7

+3.7-4.5+8.2-8.8+12.5

+3.1-6.8+9.8-13.8+16.9

+7.5+5.8+1.6-5.6+13.1

UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

JSW Cement, along with Alpha Alternatives, has completed the sale of its entire 100% stake in Algebra Endeavour Private Limited to Nuvoco Vistas Corporation. Algebra is the holding company of Vadraj Energy (Gujarat) Limited, which operates power plants at Kutch and Surat. The deal, first announced in November 2025, was completed on 3 February 2026.

Likely market impact

Proceeds from the divestiture of this non-core energy asset may be redeployed into the core cement business, potentially supporting growth.