Nuvoco Vistas makes Rs 1,800 crore payment to complete Vadraj cement acquisition

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Nirma Group’s Nuvoco Vistas Corp has completed its acquisition of debt-ridden Vadraj Cement by making a payment of Rs 1800 crore to lenders, led by Punjab National Bank and Union Bank of India. This acquisition will boost Nuvoco Vistas’ installed cement capacity by over 20%, reaching around 31 MTPA, marking its third acquisition after Lafarge Cement and Emami Cement.

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Nuvoco Vistas makes Rs 1,800 crore payment to complete Vadraj cement acquisition

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