# JK Cement acquires 60% stake in Saifco Cements

JK Cement Ltd. announced the formalisation of its joint venture agreement with Saifco Cements Pvt. Ltd., acquiring a 60% stake in the company, establishing JK Cement as the first major cement manufacturer to set up operations in Srinagar.

- Type: Acquisition
- Announced: 2025-06-07
- Where: Srinagar, Jammu & Kashmir, India
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [JK Cement](https://endata.com/companies/42055.md) (acquirer)
- [Saifco Cements Pvt. Ltd.](https://endata.com/companies/82560.md) (target)

## Sources

- [newindianexpress.com](https://www.newindianexpress.com/business/2025/Jun/07/jk-cement-acquires-60-stake-in-saifco-cements-becomes-first-major-manufacturer-to-set-up-plant-in-srinagar), 2025-06-07: "JK Cement Ltd., one of the leading cement companies of India, announced the successful formalisation of its joint venture agreement with Saifco Cements Pvt. Ltd. of acquiring a 60% stake in the company."

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