FilingReader Intelligence

Nuveco Vistas acquires Vadraj Cement after NCLT approval

April 3, 2025 at 07:07 PM UTCBy FilingReader AI

Nuvoco Vistas Corporation Limited (NUVOCO) announced that its resolution plan for the acquisition of Vadraj Cement Limited (VCL) has been approved by the National Company Law Tribunal (NCLT), Mumbai Bench. The acquisition will be executed via Vanya Corporation Private Limited (“Vanya”), a wholly-owned subsidiary of Nuvoco, which will subsequently merge with VCL, making VCL a wholly-owned subsidiary of Nuvoco. As per the resolution plan, Nuvoco will make an upfront payment of INR 1,800 crores and will invest approximately INR 1,000-1,200 crores to operationalize the VCL assets. With this acquisition, Nuvoco's installed cement capacity will increase to approximately 31 MMTPA. The NCLT order was placed on its website on April 3, 2025, with the order being dated April 1, 2025. The company will also consolidate its position as the fifth-largest cement group in India for the long term.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

News Alerts

Get instant email alerts when Nuvoco Vistas Corporation publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →