Ambuja Cements Acquires Sanghi Industries At Enterprise Value Of Rs 5,000 Crore:

Daily Current Affairs / Ambuja Cements Acquires Sanghi Industries At Enterprise Value Of Rs 5,000 Crore:

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Category : Business and economics Published on: August 09 2023

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The Adani Group has acquired Gujarat-based Sanghi Industries in an all-cash deal, valuing the company at an enterprise value of Rs 5,000 crore.
Ambuja Cements will acquire 14.66 crore shares of Sanghi Industries Ltd., representing 56.74% of the overall shareholding.
Sanghi Cement, a brand owned by Sanghi Industries, was incorporated in 1985.

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Ambuja Cements Acquires Sanghi Industries At Enterprise Value Of Rs 5,000 Crore: