# 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.

- Type: Acquisition
- Announced: 2022-12-22
- Where: India
- Value: $1.84M (153.0M INR)
- Status: announced
- Products: architectural and high-performance paints and coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [JK Cement](https://endata.com/companies/42055.md) (acquirer)
- [JK Paints and Coatings](https://endata.com/companies/67497.md) (acquirer)
- [Acro Paints](https://endata.com/companies/67498.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/jk-cement-enters-paint-segment-acquires-60-stake-in-acro-paints-122122200919_1.html), 2022-12-22: "This acquisition is a step towards fast-tracking JK Cement's entry into the paints business."

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