JK Paints and Coatings Ltd., wholly owned subsidiary of JK Cement Ltd. has entered into a share purchase agreement with Acro Paints Ltd. and its shareholders to acquire 60% controlling stake in the company.
JK Paints and Coatings Ltd has entered into a share purchase agreement with Acro Paints Ltd and its shareholders to acquire a 60 per cent controlling stake in the company.
Get latest articles and stories on Latest News at LatestLY. JK Cement on Thursday announced its foray into the paints business by acquiring 60 per cent stake in Rajasthan-based Acro Paints in a Rs 153 crore deal. Latest News | JK Cement Enters Paint Segment, Acquires 60 Pc Stake in Acro Paints in Rs 153-cr Deal.