Nuvoco Vistas acquires Emami Cement for Rs 5,500 crore

Nuvoco Vistas Corporation, part of the Nirma Group, entered into a share purchase agreement to acquire 100% of Emami Cement for an enterprise value of Rs 5,500 crore, including plants in Chhattisgarh, Bihar, West Bengal, and Odisha.

“Emami Cement will enable us to take our cement business to the next level and continue to serve our customers with innovative and high-quality products that they trust.”realty.economictimes.indiatimes.com

• 6 sources
• realty.economictimes.indiatimes.comNuvoco Vistas Corporation: Nirma Group acquires Emami Cement for Rs 5,500 crore, ETRealtyAnkit Sharma, ET RealEstateFeb 6, 2020
• business-standard.comNirma Group announces the acquisition of Emami CementANIFeb 6, 2020
• thehindu.comNirma to acquire Emami’s cement business for ₹5,500 cr. - The HinduSpecial CorrespondentFeb 6, 2020
• cemnet.comNuvoco on a solid growth pathFeb 14, 2020
• constructionworld.inNirma Group announces the acquisition of Emami Cement

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