NCL Industries has inked Share Purchase Agreement (SPA) with United Spirits for acquisition of 100% shareholding consisting of 102,676,347 equity shares of Rs 10 each in Tern Distilleries (TDPL) for a total consideration of Rs 30 crore.
Upon acquisition of the above shares, Tern Distilleries will become a wholly owned subsidiary of NCL Industries. The company intends to set up a 2000 TPD cement grinding unit in the land currently owned by TDPL.
The company has clarified that it currently has no plans of entering into distilleries or related business, and the immediate plans are only for setting up a cement grinding unit.
NCL Industries is an India-based company that operates in five segments: Cement, Boards, Prefab structures, Hydel Power and Ready Mix Concrete. The company was incorporated in 1979, a part of NCL Group. The company is also in the business activities of Cement, Prefab, Boards, Energy, Ready Mix Concrete Division.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11887.30 |
| Ambuja Cement | 458.95 |
| ACC | 1431.85 |
| Shree Cement | 25301.95 |
| Dalmia Bharat | 1972.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: