Nuvoco Corp completes acquisition of Emami Cement for INR 55 billion

Emami Ltd completed the sale of Emami Cement to Nuvoco Corp Ltd for an enterprise value of INR 55 billion (US$724.83 million). Emami Cement has a production capacity of 6.8 Mta and a 2.5 Mta plant under construction.

“The deal was completed with the transfer of 100 per cent shares of Emami Cement shares to Nuvoco Corporation Ltd (NVCL) by Emami Group today.”cemnet.com

• 1 source
• cemnet.comEmami Cement sale is completed by Nuvoco Corp | CemNetJul 15, 2020

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