Emami Group sells cement business to Nuvoco Vistas for ₹5,500 crore

Emami Group agreed to sell its cement business, Emami Cement Ltd, to Nuvoco Vistas Corp. Ltd (a Nirma group company) for an enterprise value of ₹5,500 crore. The deal includes an integrated cement plant in Risdah, Chhattisgarh, and grinding units in Bihar, West Bengal, and Odisha, with total capacity of 8.3 mtpa.

“Emami Group agreed to sell its cement business to Nuvoco Vistas Corp. Ltd, a Nirma group company, for an enterprise value of ₹5,500 crore.”indiancementreview.com

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• indiancementreview.comEmami to sell cement business to Nirma group arm for Rs. 5,500 croreNov 2, 2020

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