JSW Cement to Transfer Stake in Algebra Endeavour to Nuvoco Vistas

In a key corporate development, JSW Cement Ltd has announced the transfer of its entire stake in Algebra Endeavour Pvt Ltd to Nuvoco Vistas Corporation Ltd. The decision was formalized through a Securities Purchase Agreement approved by JSW Cement’s board on November 7, 2025. Algebra Endeavour is the holding company of Vadraj Energy (Gujarat) Ltd, which owns and operates power plants in Kutch and Surat. The transaction also involves Alpha Alternatives Holdings Pvt Ltd as a co-seller.

Important points:

• JSW Cement and Alpha Alternatives will divest their full holdings in Algebra Endeavour to Nuvoco Vistas.
• Algebra Endeavour controls Vadraj Energy, a key player in Gujarat’s industrial power generation landscape.
• The deal aligns with JSW Cement’s portfolio optimization strategy and Nuvoco’s expansion in energy-linked assets.
• Full transaction details will be disclosed in line with SEBI Listing Regulations upon execution.
• The move is expected to streamline operations and unlock value for all parties involved.

Sources: ScanX News, InvestyWise, Rediff Money