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JK Cement to take 60% stake in Saifco
Mint Chennai
|January 27, 2025
JK Cement, one of the leading cement producers, has said it will acquire a 60% stake of Saifco Cements in a deal through which it will enter into the Jammu and Kashmir market.
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The JK Group firm will acquire a 60% stake in Saifco Cements, which has an integrated manufacturing unit at Khunmoh in Srinagar, at a valuation of ₹174 crore, according to a joint statement.
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