The JK Group firm will acquire a 60 per cent stake in Saifco Cements, which has an integrated manufacturing unit at Khunmoh in Srinagar, at a valuation of Rs 174 crore, according to a joint statement.

JK Cement, one of the leading cement producers, has said it will acquire a 60 per cent stake of Saifco Cements in a deal through which it will enter into the Jammu & Kashmir market. The JK Group ...