Sunday, March 16, 2025 | 05:45 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

After Dalmia Bharat, Shree and Nuvoco join race to acquire Emami Cement

Earlier, only Dalmia Bharat was in the fray for the acquisition

After Dalmia Bharat, Shree and Nuvoco join race to acquire Emami Cement
Premium

Avishek Rakshit Kolkata
After Dalmia Bharat Cement, Shree Cement and Nuvoco Vistas Corporation have joined the race to acquire Emami Cement.

Sources aware of the development told Business Standard that all the three companies were studying the financial position of the Rs 6,000-crore Emami Cement.

After this is done, asset quality will be analysed and a final call or the bid proposal will be given.

“We have decided to look into the acquisition of Emami Cement’s assets. Currently, the financial position of the company is being studied, and thereafter, a valuation can be arrived at,” H M Bangur, managing director, Shree Cement, told Business Standard.

Other sources

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in