This is in furtherance to the intimation done by the Company on 7th November, 2025. This is to inform you that the Company has today signed a Securities Purchase Agreement amongst Nuvoco Vistas Corporation Limited ("Purchaser"), JSW Cement Limited (the Company - Seller 1 therein) and Alpha Alternatives Holdings Private Limited (Seller 2 therein) (together, the "Sellers") and Algebra Endeavour Private Limited ("Algebra") for the transfer of 100% of the securities of Algebra respectively held by the Sellers to the Purchaser.
JSWCEMENT · price
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JSW Cement has signed a Securities Purchase Agreement to sell its entire holding in Algebra Endeavour Private Limited to Nuvoco Vistas Corporation Limited. The deal involves 100% transfer of Algebra's securities, with JSW Cement acting as Seller 1 and Alpha Alternatives Holdings as Seller 2. Nuvoco Vistas is the sole Purchaser in this transaction. The financial consideration and other key terms of the deal have not been disclosed in this intimation.
This is a divestiture move by JSW Cement, helping it unlock value from its investment in Algebra. The deal could sharpen JSW Cement's focus on its core cement operations, though the absence of disclosed consideration means the market will await further details to gauge the true financial impact.