- JK Cement Limited (NSE: JKCEMENT) paid ₹ 42.2 million in cash to acquire 3,276,000 shares of Truere Guj SPV Private Limited (TGSPL), keeping its 26 % stake unchanged.
- The purchase secures a 70 MWp solar power supply for JK Cement’s Nimbahera plant, advancing its renewable‑energy strategy and reducing reliance on conventional power.
- TGSPL reports a net worth of ₹ 690.8 million, a PAT loss of ₹ ‑4.8 million, and ₹ 0 turnover, meaning financial returns will come from the power purchase agreement rather than current earnings.
- The deal is classified as a Regulation 30 “new” acquisition, not at arm’s length but also not a related‑party transaction, and required no regulatory approvals or board resolution.
JK Cement’s small cash outlay to secure solar power is seen as a modestly positive move, but the impact on the share price is likely limited. Investors may give a slight bump while the longer‑term benefits unfold gradually.
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Forecast from comparable, historic events. Not investment advice.
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