# 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.

- Type: Acquisition
- Announced: 2020-07-15
- Where: India
- Value: $724.8M (55.0B INR)
- Status: completed
- Capacity: 6.8 Mta (existing), 2.5 Mta (under construction)
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Emami Cement Limited](https://endata.com/companies/23045.md) (target)
- [Emami Group](https://endata.com/companies/42058.md) (partner)
- [Nuvoco Corp Ltd](https://endata.com/companies/48582.md) (acquirer)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/169194/emami-cement-sale-is-completed-by-nuvoco-corp.html), 2020-07-15: "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."

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