Nuvoco Vistas, a building materials company, agreed to acquire the cement unit of Emami Group, a diversified business conglomerate, for $770m. "This acquisition is a momentous and transformational step in Nuvoco’s journey to becoming a major building materials company in India delivering superior performance. Emami Cement will enable us to take our Cement business to the next level and continue to serve our customers with innovative and high-quality products that they trust," Hiren Patel, Nuvoco Chairman.