Acquisition History / JK Cement / Saifco Cements

JK Cement Acquires Saifco Cements

Announced January 26, 2025 — $19.7M

JK CementCement2025

What happened

JK Cement agreed to acquire a 60% stake in Srinagar-based Saifco Cements for Rs 174 crore, its first manufacturing presence in Jammu and Kashmir. Saifco operates a clinker and grinding unit in the Kashmir valley and the deal was structured as a joint venture with the existing owners.

Acquirer
JK Cement
Target
Saifco Cements
Announced
January 26, 2025
Price
$19.7M
Industry
Cement
Buyer type
Strategic acquirer
Status
Announced, not yet closed

By the numbers

JK Cement's acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 JK Cement deals
JK Cement's average disclosed price
$19.7M
JK Cement's largest disclosed deal
Saifco Cements ($19.7M)
Tracked acquisitions in 2025
503 across all acquirers
JK Cement in Cement
1 acquisition

Frequently Asked Questions About This Acquisition

When did JK Cement acquire Saifco Cements?

JK Cement acquired Saifco Cements on January 26, 2025. This was JK Cement's 1st publicly tracked acquisition out of 1 we have on record.

How much did JK Cement pay for Saifco Cements?

JK Cement paid $19.7M for Saifco Cements.

What does Saifco Cements do?

JK Cement agreed to acquire a 60% stake in Srinagar-based Saifco Cements for Rs 174 crore, its first manufacturing presence in Jammu and Kashmir. Saifco operates a clinker and grinding unit in the Kashmir valley and the deal was structured as a joint venture with the existing owners.

What other Cement companies has JK Cement acquired?

Saifco Cements is JK Cement's only publicly tracked acquisition in Cement so far.

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