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News Ambuja Cements’ open offer for increased Sanghi Industries stake to commence on 29 September 2023

Ambuja Cements’ open offer for increased Sanghi Industries stake to commence on 29 September 2023

Written by Global Cement staff 23 August 2023
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India: Ambuja Cements’ open offer to acquire an additional 26% stake in Sanghi Industries will run from 29 September 2023 to 13 October 2023. Press Trust of India News has reported the value of shares under the offer as up to US$767m. Ambuja Cements concluded a deal to acquire a 57% stake in Sanghi Industries, for the smaller sum of US$603m, on 3 August 2023.

Last modified on 23 August 2023
Published in Global Cement News
Tagged under
  • India
  • Ambuja Cements
  • Sanghi Industries
  • Acquisition
  • agreement
  • Deal
  • Stake
  • growth
  • Investment
  • Adani Group
  • Adani Cement
  • GCW622
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