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NCL Industries inks SPA with United Spirits to acquire 100% stake of TDPL

25 Jan 2021 Evaluate

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.

NCL Industries Share Price

179.00 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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