Additionally, Ambuja Cements has acquired a 100 per cent stake in Penna Cement for an enterprise value of Rs 104.2 billion, which will be paid in cash. This acquisition is expected to ...

Ambuja Cement has announced a transformative move to merge Sanghi Industries Limited (SIL) and Penna Cement Industries into its operations. This strategic consolidation aims to create a unified ...

(Bloomberg) -- Adani Group will consolidate its cement operations by merging two units under Ambuja Cements Ltd. as billionaire Gautam Adani streamlines a business that is vital for India’s ...

Ambuja Cements Ltd, a subsidiary of Adani Group, has signed a definitive agreement to acquire competitor Penna Cement Industries Limited for 104.2 billion rupees ($1.2 billion). This is reported in ...