# 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.

- Type: Acquisition
- Announced: 2020-02-01
- Where: Risda, Chhattisgarh; Bihar; West Bengal; Odisha, India
- Value: $770.0M (55.0B INR)
- Status: announced
- Capacity: 8.3 million tonnes per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Nirma Group](https://endata.com/companies/20598.md) (investor)
- [Emami Cement Limited](https://endata.com/companies/23045.md) (target)
- [Emami Group](https://endata.com/companies/42058.md) (partner)
- [Nuvoco Vistas Corporation](https://endata.com/companies/45070.md) (acquirer)
- [Kotak Special Situations Fund](https://endata.com/companies/48638.md) (investor)

## Sources

- [realty.economictimes.indiatimes.com](https://realty.economictimes.indiatimes.com/news/allied-industries/nirma-group-acquires-emami-cement-for-rs-5500-crore/73983451), 2020-02-06: "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."
- [business-standard.com](https://www.business-standard.com/article/news-ani/nirma-group-announces-the-acquisition-of-emami-cement-120020601270_1.html), 2020-02-06: "This acquisition is a momentous and transformational step in Nuvoco's journey to becoming a major building materials company in India delivering superior performance."
- [thehindu.com](https://www.thehindu.com/business/Industry/nirma-to-acquire-emamis-cement-business-for-5500-cr/article30755164.ece), 2020-02-06: "This acquisition is a momentous and transformational step in Nuvoco’s journey to becoming a major building materials company in India."
- [cemnet.com](https://www.cemnet.com/News/story/168299/nuvoco-on-a-solid-growth-path.html), 2020-02-14: "This acquisition is a momentous and transformational step in Nuvoco's journey to becoming a major building materials company in India delivering superior performance."
- [constructionworld.in](https://www.constructionworld.in/gold/cement-news/nirma-group-announces-the-acquisition-of-emami-cement/23231), 2020-03-04: "Nuvoco Vistas Corporation... has entered into a share purchase agreement with Emami Group for the acquisition of 100 per cent shareholding of Emami Cement"
- [ndtvprofit.com](https://www.ndtvprofit.com/business/nuvoco-vistas-may-list-emami-cement-in-2-3-years-2264031-9926307), 2020-07-16: "Nuvoco is likely to list Emami Cement in the next two to three years when all formalities are complete and capital market condition is agile and optimistic."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.