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flag India's Nuvoco Vistas Corporation cleared to acquire Vadraj Cement, adding to its capacity.

flag The National Company Law Appellate Tribunal has dismissed an appeal against Nuvoco Vistas Corporation's acquisition of Vadraj Cement, upholding the previous approval given by the National Company Law Tribunal. flag Nuvoco, India's fifth-largest cement maker, will pay Rs 1,800 crore for the acquisition, which adds a total of 9.5 million tonnes per annum to its capacity, bringing its consolidated capacity to 31 million tonnes per annum. flag The tribunal also upheld the payout to employees despite concerns raised.

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