This is to inform you that the Board of Directors of JSW Cement Limited has, in its meeting held today i.e. on Friday, 7th November, 2025, inter alia considered and accorded its approval for execution of 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") (the holding company of Vadraj Energy (Gujarat) Limited having power plants at Kutch and Surat) for the transfer of whole of securities of Algebra respectively held by the Sellers to the Purchaser. The requisite details pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 shall be disclosed upon execution of the Securities Purchase Agreement.
JSWCEMENT · price
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The board of JSW Cement, at its meeting on 7 November 2025, approved entering into a Securities Purchase Agreement to sell its stake in Algebra Endeavour Private Limited to Nuvoco Vistas Corporation Limited. Algebra Endeavour is the holding company of Vadraj Energy (Gujarat) Limited, which operates power plants in Kutch and Surat. JSW Cement will act as Seller 1, alongside Alpha Alternatives Holdings Private Limited as Seller 2. Nuvoco Vistas is the Purchaser. Full transaction details will be disclosed once the SPA is executed, in line with SEBI Listing Regulations and the November 2024 master circular.
This is a divestiture by JSW Cement of its power/energy assets to a listed peer (Nuvoco Vistas). For shareholders, it signals the company monetising non-cement holdings and could free up capital, though the financial impact is unclear until deal terms are disclosed.