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 […]
In a significant financial move, the Adani Family has completed a substantial investment in Ambuja Cements Ltd., infusing an additional INR 8,339 Crore. This latest capital infusion brings the total investment to INR 20,000 Crore under the company’s warrants program, elevating the Adani Family’s stake in Ambuja Cements from 63.2% to 70.3%. This strategic investment […]
