Shares of Nuvoco Vistas Company Ltd had been buying and selling within the inexperienced and 1% larger on 4 April after the corporate introduced receiving approval from the Mumbai Bench of the Nationwide Firm Regulation Tribunal (NCLT) for its decision plan to buy Vadraj Cement for Rs 1,800 crore beneath the Insolvency and Chapter Code, making it the fifth largest cement group in India.
The deal will likely be accomplished through Nuvoco’s wholly-owned subsidiary, Vanya Company, which is able to ultimately merge with VCL. After the merger, the enterprise will wholly personal VCL as a subsidiary. Nuvoco Vistas is a cement and different constructing provide agency owned by the Nirma Group.
The corporate obtained a letter in January 2025 stating that it supposed to purchase Gujarat-based Vadraj Cement (VCL) beneath insolvency proceedings. Previous to the acquisition, Nuvoco had mentioned it deliberate to take a position Rs 1800 crore, with further investments to return.
The approval order, dated 1 April 2025, was printed on the NCLT web site on 3 April 2025.
After the acquisition, Nuvoco will rank because the fifth-largest cement firm with a mixed capability of roughly 31 MMTPA; by Q3FY27, cement capability will attain 31 MTPA, and clinker capability will attain 17 MTPA.
This acquisition will put Nuvoco Vistas in third place in Gujarat and Maharashtra when it comes to capability and develop its footprint in Western India.
Nuvoco has described the acquisition as a “worthwhile purchase” with substantial progress potential at a really aggressive worth of roughly $60 per tonne, which is decrease than the latest excessive acquisition prices seen out there. “By buying Vadraj Cement, the Firm is poised to achieve 31 million tonnes each year (MPTA) cement capability by Q3FY27,” Nuvoco had mentioned in January 2025.
Nuvoco plans to take a position a further Rs 900–1,200 crore in Vadraj over the subsequent 18 to 24 months. Initially established as Lafarge India in 1999, the corporate rebranded itself as Nuvoco Vistas after being bought by the Nirma Group in 2016.
Nonetheless, at 1:06 pm, the shares of Nuvoco Vistas had been buying and selling 1.71% decrease at Rs 313.60 on NSE.
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