Vanya Completes Acquisition of Vadraj Cement
Deal News | Jun 21, 2025 | EIN
Vanya Corporation Private Limited, a wholly-owned subsidiary of Nuvoco Vistas Corporation Limited, has successfully completed its acquisition of Vadraj Cement Limited as per the Resolution Plan sanctioned by the National Company Law Tribunal, effective June 21, 2025. As part of this plan, Vanya will merge with Vadraj Cement, subsequently making Vadraj Cement a wholly-owned subsidiary of Nuvoco Vistas. This development is a strategic move in the cement industry, positioning Nuvoco Vistas to consolidate its market presence. On the financial front, Nuvoco Vistas shares traded slightly higher on the Bombay Stock Exchange, showcasing investor confidence following the announcement. The merger reflects ongoing consolidation efforts in the cement sector under the auspices of regulatory frameworks like the NCLT Resolution Plan.
Sectors
- Cement
- Legal & Regulatory
Geography
- India – The involved companies, Vanya Corporation, Nuvoco Vistas Corporation, and Vadraj Cement, are all based in India, and the acquisition was approved by the National Company Law Tribunal in India.
Industry
- Cement – The primary industry affected by this transaction is the Cement industry, involving the merger and acquisition of cement manufacturing companies.
- Legal & Regulatory – The acquisition was conducted in accordance with a Resolution Plan approved by the National Company Law Tribunal, demonstrating the regulatory oversight and legal adherence in such transactions.
Financials
- Rs. 709315.00 – The net turnover recorded in the shares of Nuvoco Vistas Corporation during the trading day following the acquisition announcement.
- Rs. 346.00 – Highest price of Nuvoco Vistas Corporation shares during intraday trading post-acquisition announcement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vanya Corporation Pvt Ltd | Implementing Entity | Company | A wholly-owned subsidiary of Nuvoco Vistas Corporation Limited, responsible for the acquisition of Vadraj Cement. |
| Nuvoco Vistas Corporation Limited | Parent Company | Company | The parent company of Vanya Corporation, overseeing the acquisition and subsequent merger. |
| Vadraj Cement Ltd | Target Company | Company | The company acquired by Vanya Corporation, to be merged into a wholly-owned subsidiary of Nuvoco Vista. |
| National Company Law Tribunal | Legal Authority | Government | The judicial authority that approved the Resolution Plan under which the acquisition took place. |