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Saurashtra Cement gets approval to take over paint business of Snowcem Paints

31 Mar 2021 Evaluate

Saurashtra Cement (SCL) has received approval from Board of Directors to take over the paint business of Snowcem Paints on slump sale basis and as a going concern. The total consideration for the transaction is around Rs 55 crore.

Saurashtra Cement (SCL) is the flagship company of the Mehta Group, formed in 1956. SCL is one of the leading players in the Indian cement industry, manufacturing Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC).

Peers
Company Name CMP
Ultratech Cement 11069.50
Ambuja Cements 354.75
ACC 1144.10
Shree Cement 22797.70
Dalmia Bharat 1351.80
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