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News Ambuja Cements to merge recent acquisitions

Ambuja Cements to merge recent acquisitions

Written by Global Cement staff 18 December 2024
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India: Ambuja Cements will merge its recently acquired companies, Sanghi Industries and Penna Cement Industries. Ambuja Cements purchased Sanghi Industries in December 2023 and Penna Cement in August 2024. Ambuja Cements holds a 58% share in Sanghi Industries and 99.94% share in Penna Cement. The transaction is expected to be completed within 9-12 months, according to the Deccan Herald.

Last modified on 18 December 2024
Published in Global Cement News
Tagged under
  • India
  • Ambuja Cements
  • Sanghi Industries
  • Penna Cement
  • Merger
  • Acquisition
  • GCW690
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