Nuvoco Vistas Corporation’s Board of Directors approved the acquisition of Algebra Endeavour Private Limited on November 3, 2025. Algebra Endeavour holds Vadraj Energy (Gujarat) Limited, which operates power plants in Kutch and Surat. The acquisition will be executed through a Securities Purchase Agreement with JSW Cement and Alpha Alternatives Holdings Private Limited. More details are available on the company’s website.
Algebra Endeavour Acquisition Approved
The Board of Directors at Nuvoco Vistas Corporation approved the execution of the Securities Purchase Agreement for the acquisition of Algebra Endeavour Private Limited on November 3, 2025. This decision marks a significant step in Nuvoco Vistas’ strategic growth initiatives.
Details of the Acquisition
Algebra Endeavour Private Limited is the holding company of Vadraj Energy (Gujarat) Limited, which owns and operates power plants located in Kutch and Surat. The acquisition involves securing all securities of Algebra Endeavour. The counterparties in the Securities Purchase Agreement are JSW Cement and Alpha Alternatives Holdings Private Limited.
Meeting Conclusion
The Board meeting, where this decision was finalized, commenced at 6:15 p.m. and concluded at 6:30 p.m. Additional information is accessible on the company’s official website.
Source: BSE
