JK Lakshmi Cement Limited (BSE:500380) agreed to acquire Hidrive Developers and Industries Pvt, Ltd. for approximately INR 160 million on July 27, 2023. Hidrive Developers reported total revenue of INR 3.652 million and profit after tax if INR 2.728 million as at March 31, 2023. The transaction is expected to close on August 31, 2023.

JK Lakshmi Cement Limited (BSE:500380) completed the acquisition of Hidrive Developers and Industries Pvt, Ltd. in the second quarter ended September 30, 2023.