Petrochemical
JK Cement to launch paint business
Company has approved an investment of Rs 600 crore into the paint venture which will be infused over a five-year period
- By ICN Bureau
| March 07, 2022
J K Cement Ltd has informed that the Board of Directors in their Board Meeting held on March 05, 2022 has approved entering into paint business through a wholly owned subsidiary (WOS), formation of new wholly owned subsidiary and investment in the said wholly owned subsidiary.
The board has also approved an investment of Rs 600 crore into the paint venture which will be infused over a five-year period.
“The subsidiary would undertake manufacturing, selling, trading, importing and exporting and otherwise dealing in all types of paints and allied products and services,” the company said in a stock exchange filing.
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