Ambuja Cement acquires Penna Cement Industries in Rs 10,422cr deal
Ambuja Cement, a subsidiary of Adani Cement and part of the diversified Adani Group, has announced the acquisition of Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs. 10,422 crore. This acquisition will see Ambuja Cement acquiring 100% shares of PCIL from its existing promoter group, led by Mr. P. Pratap Reddy and […]