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News Nuvoco Vistas plans US$677m initial public offering

Nuvoco Vistas plans US$677m initial public offering

Written by Global Cement staff 06 May 2021
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India: Nirma Group subsidiary Nuvoco Vistas plans to launch a US$677m initial public offering (IPO). The Economic Times newspaper has reported that the IPO consists of a US$190m – US$203m fresh issue and a US$474m offer for sale. The company’s targeted valuation after listing is US$4.74bn, in line with the value of Switzerland-based LafargeHolcim subsidiary ACC.

Nuvoco Vistas first acquired its cement assets from Lafarge India in 2017.

Last modified on 12 May 2021
Published in Global Cement News
Tagged under
  • India
  • Nuvoco Vistas
  • IPO
  • corporate
  • Finance
  • GCW505

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