# 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.

- Type: Acquisition
- Announced: 2021-05-28
- Where: India
- Status: announced
- Capacity: 1.4 million tonnes per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Anjani Portland Cement](https://endata.com/companies/30885.md) (acquirer)
- [Bhavya Cements](https://endata.com/companies/53658.md) (target)

## Sources

- [constructionworld.in](https://www.constructionworld.in/cement-news/anjani-portland-cement-to-acquire-stake-in-bhavya-cements-/27379), 2021-05-28: "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."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/anjani-portland-to-buy-majority-stake-in-bhavya-cements/), 2021-05-28: "the object of the acquisition was 'to improve the market presence of the company with the addition of a new brand'."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.