# JSW Cement acquires 37% stake in Shiva Cement for ₹97 crore

JSW Cement acquired a 37.16% stake from the promoters of Shiva Cement for ₹97 crore and made an open offer for an additional 32% for ₹87.36 crore. JSW Cement plans to invest ₹450 crore to expand clinker capacity at the Shiva Cement plant from 100,000 tonnes to 1 million tonnes.

- Type: Acquisition
- Announced: 2017-01-11
- Where: India
- Value: $1.42M (97.0M INR)
- Status: announced
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [JSW Cement](https://endata.com/companies/15683.md) (acquirer)
- [Shiva Cement](https://endata.com/companies/21381.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/jsw-cement-buys-37-stake-in-shiva-cement-for-97-crore/article9473022.ece), 2017-01-11: "JSW Cement has acquired 37.16 per cent stake from the promoters of Shiva Cement for Rs 97 crore."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.