Ambuja Cements to acquire majority stake in Sanghi Industries

Ambuja Cements, owned by Adani Group, reached a deal to acquire a majority stake in Sanghi Industries. The deal is expected to be announced on August 2, 2023.

“The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said, declining to be named because the decision is not public.”reuters.com

• 2 sources
• reuters.comAdani-owned Ambuja Cements to acquire majority stake in India's SanghiAditya KalraAug 1, 2023
• reuters.comIndia's Adani boosts cement heft with $295 million deal for SanghiChris ThomasAug 3, 2023

Summarized from public sources; check the original articles before acting on it.