DECEMBER 20258JSW CEMENT SEALS AGREEMENT TO OFFLOAD ALGEBRA ENDEAVOURPM MODI SAYS INDIA'S GDP RISING STRONG AMID GLOBAL PRESSUREJSW Cement sealing an agreement to offload its 100 percent stake in Algebra Endeavour marks a significant portfolio realignment move in India's cement and building materials sector. The deal underlines sharper capital allocation, portfolio management, and core business focus.It is a transfer of securities by the Sellers to the Purchaser of 100% of the shares of Algebra respectively held by the Sellers, which JSW Cement has signed a Securities Purchase Agreement between Nuvoco Vistas Corporation (Purchaser), Prime Minister Narendra Modi has declared that India's GDP is growing at nearly seven percent, even in the face of global instabilities, underscoring the nation's determination to transform into a developed economy.In Ramnath Goenka Lecture in New Delhi, he further stressed that India is not only an emerging market, but an example to other countries to emulate.the Company (Seller 1 therein) and Alpha Alternatives Holdings (Seller 2 therein) (the Sellers).Commenting on the transaction, Parth Jindal, Managing Director, JSW Cement, said, "This divestment is aligned with our strategy to sharpen our focus on core cement and building materials operations, strengthen our balance sheet, and channel capital towards capacity expansion and high-potential growth markets."The transaction, which entails the sale of the entire securities of Algebra, is an indication of the growing interest of dominant cement players in constructing portfolios that are strategically aligned by the processes of selective acquisitions and divestitures. In the case of JSW Cement, this action will help to promote aimed development, enhance financial effectiveness, and enhance its position in major regional markets.The deal brings out the major themes driving the cement industry in India, such as consolidation, scale, and strategic alliances in the context of long-term infrastructure growth, housing, and urbanization. Such portfolio choices will tend to affect the level of competition, valuations, and growth trajectories of the long term in the cement and building materials ecosystem as companies divest non-core holdings and concentrate on higher-returning units. The expansion increases the self-esteem in the long-term perspective of India. Modi urged central and state government to prioritize development, irrespective of politics. He observed that the outcomes of the Bihar election reflect a national mood: citizens trust parties that fulfill in terms of development as well as respond to the actual aspirations.Modi encouraged good competition among states. He requested them to bring more investment and drive changes to enable businesses to be less complicated and this would aid the development of industrialization and the restructuring of the structures throughout the nation. On top of the internal politics, the PM has expressed the view that the world is becoming more and more convinced about the growth path of India as a hope to be emulated, and he is confident with the direction it is taking.He pointed out that geopolitical tensions and unpredictability in the economy do not bother industries in the manufacturing sector, services, agriculture, and construction, as they are optimistic. The remarks of Modi herald the emergence of a new emphasis in the development-oriented governance where India emerges as a positive, cheerful nation in the international arena. TOP STORIESTOP STORIESTOP STORIES
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