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Ambuja Cement merger with Sanghi Industries, Penna Cement will pave way fo
Updated : 1 year, 5 months ago IST
With this merger, Ambuja is set to reinforce its position as a market leader while setting the stage for sustained growth in the cement industry.
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Emkay retains 'Buy' recommendation on Ambuja Cements after Penna Cement ac
Updated : 1 year, 11 months ago IST
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.
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Acquisition of Penna Cement to increase pan-India presence, entry into Sri
Updated : 1 year, 11 months ago IST
Acquiring Penna Cement will increase Ambuja Cements' presence in India, particularly in South India, besides making way to markets in neighbouring Sri Lanka, the Adani Group cement company said in a presentation explaining the rationale behind the acquisition.
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Adani Group acquires Penna Cement at Rs 10,422 crore
Updated : 1 year, 11 months ago IST
Ambuja Cement, the cement and building material company of Adani Cement and part of the diversified Adani Group, announced on Thursday that it has signed a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore.
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