Emami Group has entered into a binding agreement with Nuvoco Vistas Corporation (Nuvoco, part of Nirma Group), for the divestment of its 100% equity stake in Emami Cement for an enterprise value of Rs 5500 crore.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.