J. K. Cement Limited Invests in Truere Guj SPV to Boost Renewable Energy Portfolio
J. K. Cement Limited announced an investment in Truere Guj SPV Private Limited, aiming to strengthen the company's long-term renewable energy strategy. The investment transaction was executed through a Share Subscription and Shareholders' Agreement (SSHA).Under the agreement, J. K. Cement Limited subscribed to 32,76,000 equity shares of Truere Guj SPV Private Limited. The details of the investment are as follows:
| Metric | Detail |
|---|---|
| Number of Shares Subscribed | 32,76,000 equity shares |
| Face Value | Rs. 10/- per equity share |
| Premium Paid | Rs. 2.88 per equity share |
| Total Aggregate Investment Value | Rs. 4,22,21,400 |
| Stake Acquired | 26% of the equity share capital of the SPV |
The investment constitutes a cash consideration to establish the stake in the special purpose vehicle (SPV).
Focus on Renewable Energy Sector
Truere Guj SPV Private Limited (SPV) operates within the Renewable energy sector, focusing on setting up, generating, and distributing power from Renewable power plants. The SPV was established by Oriana Power Limited (Oriana). It is positioned to develop a 50/70 MWp peak solar power plant at Nimbahera in Rajasthan, intended to supply solar power to the company's Nimbahera plant under a Captive User model.The acquisition is aligned with the company’s strategic objective to bolster its presence in the sustainable energy market.
Financial Overview of Truere Guj SPV Private Limited
As per the available data, the key financial parameters of the target entity, Truere Guj SPV Private Limited, are:| Parameter | Value |
|---|---|
| Networth (as on 31.03.2025) | 69.08 (INR Crore) |
| Industry | Renewable energy - setting up, generating and distributing power from Renewable power plants |
The transaction is noted as being undertaken at arm's length, and the promoter or promoter group does not hold any direct interest in the SPV.
JKCEMENT Stock Price Movement
Today, JK Cement Limited shares edged higher to close at ₹5606.5, gaining 0.37% for the day. The stock settled on a significant volume of 35,487 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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