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PENNA CEMENT ACQUISITION
CCI approves Ambuja Cements' acquisition of Orient CementIndia's antitrust watchdog has approved Ambuja Cements' acquisition of India Cements. This move, announced in October, aims to bolster Ambu...18 Mar, 2025, 04.15 PM IST- Sanghi Industries shares tumble 12% on merger with Ambuja CementsSanghi Industries shares dropped 12.4% after Ambuja Cements announced a merger scheme offering 12 shares for every 100 Sanghi shares. The m...18 Dec, 2024, 10.35 AM IST
- Adani Cement to merge Sanghi & Penna units with Ambuja CementsAdani Cement is merging Sanghi Industries and Penna Cement with its flagship company, Ambuja Cements. Sanghi shareholders will receive 12 A...17 Dec, 2024, 11.24 PM IST
- Adani Group announces merger of Sanghi Industries & Penna Cement with Ambuja CementsAdani Group-owned Ambuja Cements on Tuesday announced the merger of Sanghi Industries and Penna Cement Industries with itself. Under the sc...17 Dec, 2024, 06.14 PM IST
- Major deals in India's cement sector since Adani Group's entry in 2022: A timelineAmbuja Cements will acquire a 47% stake in Orient Cement for $451 million, as India's cement sector sees significant deal-making activity. ...22 Oct, 2024, 03.14 PM IST
- Adanis sell Rs 4,200 crore worth stake in Ambuja Cements, stock up 4%The Adani Group, led by billionaire Gautam Adani, sold 2.8% of its stake in Ambuja Cements for Rs 4,200 crore, prompting a 4% rise in the s...23 Aug, 2024, 09.37 AM IST
- 'No frenzy in cement industry, structured expansion taking place'Adani Cement, led by CEO Ajay Kapur, is expanding in a structured manner, targeting acquisitions below $80 per tonne. The integration of re...01 Aug, 2024, 12.05 AM IST
- India Cements buy to bolster UltraTech's hold over SouthUltraTech Cement's acquisition of a controlling stake in India Cements, based in Chennai, aims to solidify its leading position in the high...30 Jul, 2024, 12.22 AM IST
- Ambuja Cements may repay Penna's debtPrivate credit funds, including Edelweiss Alternative Asset, expect Ambuja Cements to repay Penna Cement's high-cost debt ahead of schedule...17 Jun, 2024, 12.26 AM IST
- Penna buy to cut logistics costs for Adani Cements: CFO Vinod BahetyAdani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature n...15 Jun, 2024, 06.34 AM IST
- Adani's ₹10,000 crore cement bet set to pay-off in battle with UltraTech, with gains across India, Sri LankaThe Penna Cements acquisition, announced on Thursday, will set the Adani Group back by ₹10,422 crore. The cement maker said that the transa...14 Jun, 2024, 01.13 PM IST
- Ambuja cements deal to acquire Hyderabad-based PennaOf the enterprise value, Ambuja Cement will hold back around ₹3,500 crore as milestone payments for completion of 2 million tonne (MT) ceme...14 Jun, 2024, 12.45 AM IST
- Ambuja Cement acquire 100% stake in Penna Cement for Rs 10,422 croreAmbuja Cement, a company owned by Adani group, has signed a definitive agreement to acquire Hyderabad-based Penna Cement at an enterprise v...13 Jun, 2024, 07.30 PM IST
- Adani Group’s concrete plan: $3 billion buyouts in cement spaceIt is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic st...13 Jun, 2024, 08.45 AM IST
- Adani Group's concrete plan: $3 bn buyouts in cement spaceDalmia Bharat's deal with Jaiprakash Associates, Adani's acquisition of Sanghi Cement, and potential acquisitions of Ambuja Cement or ACC a...13 Jun, 2024, 07.11 AM IST
- Mid-size cement companies plan big expansion as demand revivesMid-level companies, which have a localised footprint in India’s highly regional cement industry, have revealed plans to more than double t...22 Jun, 2018, 10.28 AM IST
- Cemex eyes Penna acquisitionWorld’s 3rd largest cement maker plans India entry by buying AP-based co.28 Apr, 2010, 12.19 PM IST
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