Soon after Ambuja Cements announced the acquisition of Penna Cement, brokerage Emkay Global Financial Services retained its 'Buy' recommendation on the Adani Group-owned cement producer.
Mumbai (Maharashtra) [India], September 19 (ANI): The share price of Ambuja Cements Limited surged by over 10 per cent on Monday to hit a fresh lifetime high after Adani Group, which completed the acquisition of the firm last week, announced Rs 20,000 crore fund infusion plan.
New Delhi [India], September 19 (ANI): Shares of Ambuja Cements jumped sharply on Monday to hit an all-time high after the formal acquisition of the cement maker by the Adani Group.