2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dabur
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Nirma
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Hindustan Unilever
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Marico
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Detailed explanation-1: -The Kolkata-headquartered conglomerate announced on Thursday that Emami Group is going to sell its cement business to Nuvoco Vistas Corp. Ltd, part of the Nirma Group for an enterprise value of Rs 5, 500 crore. The company has entered into a binding agreement with the Nirma group for divesting its 100% equity.
Detailed explanation-2: -Founded by two childhood friends Mr. R.S. Agarwal and Mr. R.S. Goenka in the 1970s, Emami Group is a large business conglomerate with a significant leadership presence in diverse sectors.
Detailed explanation-3: -Emami Cement operates an integrated cement plant in Risdah, Chhattisgarh; and grinding units in Bihar, West Bengal and Odisha with a total installed capacity of 8.3 million tonnes per annum.
Detailed explanation-4: -Ltd., a leading building materials Company in India, today announced its unaudited financial results for the quarter ended June 30, 2022. Nuvoco Vistas is the fifth-largest cement group in India, in terms of capacity, with a combined installed capacity of over 23 MMTPA.