# Nuvoco Vistas (Nirma group) acquires Emami Cement

The Competition Commission of India approved the acquisition of 100% of Emami Cement Ltd by Nuvoco Vistas Corp Ltd (part of the Nirma group) for an enterprise value of ₹5,500 crore.

- Type: Acquisition
- Announced: 2020-05-05
- Where: India
- Value: $724.8M (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

- [Emami Cement Limited](https://endata.com/companies/23045.md) (target)
- [Nuvoco Vistas Corporation](https://endata.com/companies/45070.md) (acquirer)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/cci-approves-emami-cement-acquisition-by-nirma-arm-11590070421770.html), 2020-05-21: "the proposed transaction is very much on, subject to the receipt of approval of CCI and other third parties."
- [cemnet.com](https://www.cemnet.com/News/story/168925/cci-approves-acquisition-of-emami-cement.html), 2020-05-22: "The Competition Commission of India has approved the 100 per cent acquisition of the total issued and paid-up share capital of Emami Cement Ltd by Nuvoco Vistas Corp."
- [azbpartners.com](https://www.azbpartners.com/bank/cci-approves-the-acquisition-of-emami-cement-limited-by-nuvoco-vistas-corporation-limited/), 2020-08-31: "On May 5, 2020, CCI approved an acquisition of 100% shareholding in Emami Cement Limited (‘ ECL’) by Nuvoco Vistas Corporation Limited (‘ NVCL’)."

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