India: Emami to sell cement biz to Nirma group arm for $785.7m

India: Emami to sell cement biz to Nirma group arm for $785.7m

Photo: livemint.com

Kolkata-based Emami Group on Thursday said it has entered into a binding agreement with a Nirma group arm – Nuvoco Vistas Corporation Ltd – for the sale of its cement business, Emami Cement Ltd, for an enterprise value of Rs5,500 crore.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter