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Nuvoco Vistas Corporation to acquire 100% securities of Algebra Endeavour

18 Nov 2025 Evaluate

Nuvoco Vistas Corporation has signed and executed Securities Purchase Agreement (SPA) for acquisition of 100% securities of Algebra Endeavour (the holding company of Vadraj Energy (Gujarat)) with JSW Cement, Alpha Alternatives Holdings and Algebra Endeavour. The transaction shall be closed within 10 days from the date of completion of all the condition precedents entailed in the SPA. The cost of the acquisition is up to Rs 200 crore.

Vadraj Energy (Gujarat), being wholly owned subsidiary of Algebra has power plants at Kutch and Surat, the said facilities will be utilized by the  company for its captive power consumption. Algebra is engaged in the business of providing advisory services and investment activities.

Nuvoco Vistas Corporation is one of the leading ready-mix concrete manufacturers in India. It offers a range of products across cement, RMX and modern building materials.

Nuvoco Vistas Corpor Share Price

306.60 -5.20 (-1.67%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11499.90
Ambuja Cement 441.05
ACC 1409.50
Shree Cement 24303.35
Dalmia Bharat 1947.95
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