Ahmedabad (Gujarat) [India], October 24: Adani Cement, through Endeavour Trade and Investment Ltd, is pleased to announce the successful completion of its refinancing program for acquisition debt taken for Ambuja and ACC, through a USD 3,500 million financing package, raised from a clutch of
According to a press release by Adani Group, the refinancing, executed through Endeavour Trade and Investment Ltd, is aimed at terming out the acquisition finance facility for Ambuja and ACC, two major cement brands in India, by a tenor of 3 years.
Congress General Secretary in-charge Communications Jairam Ramesh, in a statement, alleged that India’s third-largest cement producer Shree Cement, who was in talks to acquire Sanghi Industries, exited the race after Income Tax Department launched raids against it. The senior leader said tha
Mumbai (Maharashtra)/ New Delhi [India], August 3: Cyril Amarchand Mangaldas (CAM) advised Ambuja Cement on acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of INR 5,000 crore. CAM is also advising on the
Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group on Thursday announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore.
Jodhpur (Rajasthan) [India], May 30: SKF India, the leading bearing manufacturer, in partnership Ambuja Cement Foundation (ACF), today inaugurated the skill development centre at SEDI Jaitaran, in Pali, Rajasthan, with an aim to provide training, skill development and employability to the yo
The deadlock between truckers and Adani Cement Company ended on Monday with the intervention of Chief Minister Sukhvinder Singh Sukhu who announced the freight rates after meeting transporters and company officials.
The block is situated in the Malkangiri district of Odisha over an area of 547 hectare with an estimated limestone resource of 141 million tonnes having an average CaO (calcium oxide) content of 43.74 per cent.
Ahmedabad (Gujarat) [India], February 7 (ANI/BusinessWire India): Ambuja Cements Limited (Ambuja), the building materials arm of Adani Cement and part of the diversified Adani group, today announced the financial results for the quarter ended December 31, 2022. The Company has embarked on a
"The Promoters have only provided non-disposal undertaking and accordingly, there is no requirement of providing any top-up of shares of Ambuja and ACC or cash top up under the acquisition financing raised last year," says Adani Group-owned ACC and its promoter entity, Ambuja Cements.
Ahmedabad (Gujarat) [India], October 21 (ANI/BusinessWire India): Ambuja Cements Limited (Ambuja), the building materials arm of the diversified Adani Group, today announced the financial results for the quarter ended September 30, 2022.