JK Cement to sign an agreement with Toshali
Cement

JK Cement to sign an agreement with Toshali

In a BSE filing on Monday, J K Cement Ltd announced that it has received preliminary clearance to enter a share purchase agreement with Toshali Cements.

The company will take over management of Toshali and possess all of the firm's fully paid-up capital. The company's board of directors has given the Committee of Directors the authority to take the appropriate action once the necessary preconditions are met. Upon making such an investment, Toshali will merge with the business to form a subsidiary.

The acquisition cost is 1570 million in total. According to the corporation, the acquisition will enable it to increase its presence in the Eastern Region.

In a BSE filing on Monday, J K Cement Ltd announced that it has received preliminary clearance to enter a share purchase agreement with Toshali Cements. The company will take over management of Toshali and possess all of the firm's fully paid-up capital. The company's board of directors has given the Committee of Directors the authority to take the appropriate action once the necessary preconditions are met. Upon making such an investment, Toshali will merge with the business to form a subsidiary. The acquisition cost is 1570 million in total. According to the corporation, the acquisition will enable it to increase its presence in the Eastern Region.

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?