Nuvoco Vistas Corporation Limited has informed the Exchange about Completion of acquisition of Vadraj Cement Limited
NUVOCO · price
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Nuvoco Vistas Corporation has completed the acquisition of Vadraj Cement Limited (VCL) on June 21, 2025, through its wholly-owned subsidiary Vanya Corporation Private Limited. The deal was executed in line with a Resolution Plan approved by the National Company Law Tribunal (NCLT), indicating VCL was acquired through the corporate insolvency resolution process. As part of the plan, Vanya Corporation will be merged into VCL, after which VCL will become a direct wholly-owned subsidiary of Nuvoco. This follows Nuvoco's earlier intimation dated April 3, 2025, regarding the acquisition.
The acquisition strengthens Nuvoco's cement manufacturing capacity and geographic footprint, supporting its inorganic growth strategy. Shareholders should monitor integration progress and any impact on debt levels, while the stock may see positive sentiment from the completed deal.