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News Ambuja Cement completes acquisition of Penna Cement Industries

Ambuja Cement completes acquisition of Penna Cement Industries

Written by Global Cement staff 19 August 2024
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India: Ambuja Cement has announced the completion of its acquisition of Penna Cement Industries Limited, acquiring a 100% stake in the company. The deal, first approved by Ambuja’s Board of Directors on 13 June 2024, has effectively made PCIL a subsidiary of Ambuja Cement from 17 August 2024. The company did not provide further details on the operational or financial impacts of this acquisition.

Last modified on 21 August 2024
Published in Global Cement News
Tagged under
  • India
  • Ambuja
  • Ambuja Cements
  • Acquisition
  • Penna Cement
  • GCW673
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