Emami Group to sell cement business to Nuvoco Vistas for Rs 5,500 crore
Updated : February 07, 2020 06:52 AM IST
The promoters of the Kolkata-headquartered Emami, however, had sought a much higher valuation.
The group level debt stands at about Rs 2,600 crore.
Emami Cement, which operates in West Bengal, Odisha, Chhattisgarh and Bihar, has one integrated plant and three grinding units.