Anjani Portland Cement to acquire controlling stake in Bhavya Cements

Anjani Portland Cement has entered a share purchase agreement to acquire a controlling stake in Bhavya Cements at a provisional cost of Rs 51.53 per share. The acquisition aims to enhance cement manufacturing potential and consolidate the south Indian cement market.

“Anjani Portland Cement has entered a share purchase agreement with Bhavya Cements and its promoters for a controlling stake in the equity shares capital of the company at a provisional cost of Rs 51.53 per share.”constructionworld.in

• 2 sources
• constructionworld.inAnjani Portland Cement to acquire stake in Bhavya CementsMay 28, 2021
• mnacritique.mergersindia.comAnjani Portland to buy majority stake in Bhavya Cements | M&A CritiqueMay 28, 2021

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