Ambuja Cements acquires majority stake in Sanghi Industries

Ambuja Cements, owned by the Adani Group, has purchased a 56.74% stake in Sanghi Industries for an enterprise value of 50 billion rupees ($605 million). The deal also triggers an open offer for an additional 26% of Sanghi Industries.

“The acquisition of Sanghi has a 50 billion rupees ($605 million) enterprise value and will be fully funded through internal accruals.”news.bloomberglaw.com

• 1 source
• news.bloomberglaw.comAdani Expands Indian Cement Empire With Sanghi Buyout Deal (1)P R SanjaiAug 3, 2023

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