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Emami Group enters binding agreement with Nuvoco Vistas for sale of its cement business

Emami Group announced that it has entered into a binding agreement with Nuvoco Vistas Corporation Limited (part of Nirma Group), for the divestment of its 100% equity stake in Emami Cement Limited for an enterprise value of INR 5500 crores. Emami Cement operates one integrated cement plant and three grinding units with a total cement […]