Ambuja Cements Limited (ACL), the cement and building material company of the diversified Adani Group, announced the successful completion of the acquisition of Sanghi Industries Limited (SIL). This strategic acquisition, valued at an Enterprise Value of Rs. 5,185 Crores, enhances Ambuja Cement’s market presence underscoring Adani Group’s steadfast commitment to India’s housing and infrastructure development,…
Tag: Sanghi Industries
Ambuja Cements acquires Sanghi Industries at an enterprise value of Rs 5,000 Cr
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•Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group, announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74% shares of SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will…