Value lens: Why Nirma forked out so much for Emami cement arm soaked in red ink, debt

Ahmedabad-based Nirma Group has agreed to buy Emami group’s east-based cement business at a price that values the loss-making company with high debt at a significant premium to its mid-sized regional peers that mostly crank out profits at the bottomline, a VCCircle analysis shows. Nirma has agreed to acquire Emami Cement ......