JK Cement Share Price in Focus Raises Stake in O2 Renewable Energy V to Support Long-Term Clean Power Strategy

JK Cement has expanded its investment in O2 Renewable Energy V Private Limited by acquiring an additional equity stake from JSW Neo Energy.

The latest purchase increases the company’s overall holding to nearly 29 per cent and forms part of its growing focus on renewable energy. The transaction was disclosed in a regulatory filing and will involve amendments to the existing shareholder agreement.

JK Cement Acquires Additional Stake in Renewable Energy SPV

JK Cement confirmed that it has purchased 46,45,658 equity shares in O2 Renewable Energy V Private Limited, representing a further 12.21 per cent stake. The shares were acquired from JSW Neo Energy for a cash payment of ₹5.19 crore. 

With this transaction, JK Cement’s total ownership in the SPV rises from 16.76% to 28.97%

The company noted that the acquisition will require amendments to the existing Share Subscription and Shareholders Agreement to reflect the revised shareholding structure.

Details of the Target Entity

O2 Renewable Energy V Private Limited, incorporated in May 2022, develops and operates renewable energy projects. It currently runs a 22 MW wind power installation that supplies power to JK Cement and other designated consumers. 

The project forms part of a larger 240 MW wind–solar hybrid park located in Karnataka.

As of 31 March 2025, the SPV reported:

• Turnover: ₹20.29 crore
• Profit after tax: ₹0.81 crore
• Net worth: ₹43.27 crore

The SPV is registered in Delhi and operates as the Indian arm of a foreign parent entity.

Transaction Structure and Compliance

JK Cement clarified that the deal does not involve related parties and has been undertaken on an arm’s-length basis. 

The transaction consists entirely of cash consideration at a per-share price of ₹11.18. No regulatory approvals were needed to complete the stake purchase.

The company has made the required disclosures in line with SEBI’s Listing Regulations and accompanying circulars.

Read More: Ambuja Cements Share Price in Focus as Company Commissions 4 MTPA Clinker Expansion.

JK Cement Share Price Performance

JK Cement’s share price reflected modest intraday volatility on 4 December 2025. The stock traded at ₹5,664 as of 2:50 PM, marking a 0.74% decline from the previous close of ₹5,706.50. 

Conclusion

JK Cement’s decision to acquire a larger interest in O2 Renewable Energy V reflects a measured expansion of its renewable energy portfolio. 

The revised shareholding is expected to contribute to its long-term energy planning while maintaining compliance with necessary regulatory requirements.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.