NCL Industries (NCLIL) has executed a Share Purchase Agreement with Promoter group of Vishwamber Cements (VCL) and Vishwamber Cements for acquisition of 100% shareholding consisting of 77,67,430 equity shares of Rs 10 each in VCL for a total consideration of Rs 16.23 crore.
Upon acquisition of the above shares, Vishwamber Cements becomes a wholly owned subsidiary of NCL Industries. NCL Industries intends to merge subsequently VCL with NCLIL and convert the limestone mines covering an area of 322.06 acres under its lease into captive mines of NCL Industries for captive consumption of the limestone raised from the said mines in its operations.
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 |
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