JK Cement in talks with Holcim

JK Cement in talks with Holcim
Published: 31 August 2010


Executives from India’s J.K. Cement Ltd and Holcim Ltd. met in August for discussions, and the topics covered included acquisitions and joint ventures, DNA Money reported Tuesday, citing people familiar with the matter.

The newspaper didn’t give more details about the talks, but said that JK Cement assistant vice chairman Prashant Sheth denied any such development.

The Singhania family owns 65.29% of JK Cement, while the rest is held by financial institutions and the public.