Nuvoco Vistas Corporation has signed a Securities Purchase Agreement to acquire 100% of the securities of Algebra Endeavour Private Limited. This acquisition includes Algebra’s holding company, Vadraj Energy (Gujarat) Limited, to enhance Nuvoco’s captive power capabilities. The transaction is expected to close within 10 days after fulfilling all conditions. The cost of acquisition could reach up to INR 200 crores.
Strategic Acquisition Announced
Nuvoco Vistas Corporation has officially announced the execution of a Securities Purchase Agreement for the acquisition of 100% ownership of Algebra Endeavour Private Limited. The agreement was signed on November 17, 2025. This move is designed to strengthen the company’s energy infrastructure and support its long-term operational goals.
Rationale for the Acquisition
The primary reason for acquiring Algebra Endeavour is to secure the assets of its holding company, Vadraj Energy (Gujarat) Limited. Vadraj Energy operates power plants in Kutch and Surat. These facilities will be integrated into Nuvoco’s operations to provide captive power, which is expected to optimize energy costs and improve operational efficiencies.
Deal Terms and Financial Details
The acquisition price for 100% of Algebra Endeavour’s securities is valued at up to INR 200 crores. The shareholders include JSW Cement Limited with INR 1,91,63,01,956 and Alpha Alternatives Holdings Private Limited with INR 8,36,98,044. The transaction is structured as a cash consideration and is anticipated to be completed within 10 days following the fulfillment of all necessary conditions.
About Algebra Endeavour Private Limited
Algebra Endeavour Private Limited is involved in providing advisory services and investment activities. Incorporated on November 10, 2020, the company serves as the holding entity for Vadraj Energy (Gujarat) Limited. As of the announcement, Algebra Endeavour has reported nil turnover for the last three years.
Source: BSE