InvestorQ : What is the latest on the Nirma acquiring Emami Cements?
Archita Jajjoo made post

What is the latest on the Nirma acquiring Emami Cements?

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Rashi Mehra answered.
11 months ago
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CCI has approved the 100% acquisition of Emami Cements by a division of Nirma group of Ahmadabad. The deal was to divest 100% stake in Emami Cements to a unit of Nirma at an enterprise value of Rs.5500 crore. This move is part of Emami group’s plan to become debt-free. Emami Cement operates an integrated cement plant in Chhattisgarh and grinding units in Bihar, West Bengal and Odisha with a total installed capacity of 8.3 million tonnes per annum. It has mining leases in Chhattisgarh, Rajasthan and Andhra Pradesh.

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