An undisclosed buyer agreed to acquire 4.37% stake in JNK India Limited from JNK Heaters Co., Ltd. (KOSDAQ:A126880) for INR 76.5 million on April 25, 2024. JNK Heaters is selling 2,432,749 shares in JNK India for KRW 1,256,926,834, but the amount will change at the time of disposal. The expected disposal amount will be set in the range of INR 395(KRW 6493.8) -INR 415(KRW 6822.6) per share. Accordingly, the disposal amount is expected to be between KRW 15,797,785,456 and KRW 16,597,673,327. The transaction is expected to close on April 29, 2024.

An undisclosed buyer completed the acquisition of 4.37% stake in JNK India Limited from JNK Heaters Co., Ltd. (KOSDAQ:A126880) for INR 1 billion on April 29, 2024.