JK Cement acquires 60% stake in Acro Paints for Rs 153 crore

JK Cement, through its subsidiary JK Paints and Coatings, acquired a 60% controlling stake in Acro Paints for Rs 153 crore, marking its entry into the paints business. The remaining 40% will be acquired over 12 months.

“This acquisition is a step towards fast-tracking JK Cement's entry into the paints business.”business-standard.com

• 1 source
• business-standard.comJK Cement enters paint segment, acquires 60% stake in Acro Paints | Company News - Business StandardPress Trust of IndiaDec 22, 2022

Summarized from public sources; check the original articles before acting on it.