CCI approves acquisition of Emami Cement
The Competition Commission of India has approved the 100 per cent acquisition of the total issued and paid-up share capital of Emami Cement Ltd by Nuvoco Vistas Corp. Emami had ...
Emami Group
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Emami Group agrees to sell cement unit to Nuvoco Vistas
India’s Emami Group has announced the sale of its 8.3Mta cement business to Nuvoco Vistas (Nirma Group), with the move valued at INR55bn (US$770.56m). "We are very proud of Emam...
Blackstone enters race for Emami Cement
Blackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd. Bloomberg reports that TPG Capital is also consi...
Dalmia Cement reportedly considers acquiring Emami Cement assets
India’s Dalmia Cement (Bharat) has reportedly submitted an expression of interest in acquiring the cement assets of Emami Group, which have been valued at INR60bn (US$841.9m), a...
Emami Group to demerge solar assets from cement company
India’s Emami Group has received National Company Law Tribunal (NCLT) approval to demerge its solar power assets from its cement company. The assets will be consolidated under E...
India: Emami Cement hopes to add 15-20Mta in 3-5 years
India-based Emami Cement has plans to construct new plants that will add 15-20Mta of capacity to its portfolio over the next 3-5 years, as reported by The Times of India. Direct...
India: Emami plans national presence
Emami Cement Ltd, part of the Emami Group, announced its plans to expand on a national scale over the next 5-7 years, with intentions to open plants in areas such as Rajasthan a...
India: Emami Group to build Panagarh grinding plant
Chief minister Mamata Banerjee, on Saturday, in Panagarh, laid the foundation stone for Emami Group's new INR5000m (US$74.8m) grinding plant project that will be located in Pana...