# 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.

- Type: Acquisition
- Announced: 2023-08-03
- Where: India
- Value: $605.0M (50.0B INR)
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ambuja Cements](https://endata.com/companies/15069.md) (acquirer)
- [Adani Group](https://endata.com/companies/15392.md) (investor)
- [Sanghi Industries](https://endata.com/companies/71775.md) (target)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/adani-buys-cement-firm-sanghi-at-605-million-enterprise-value), 2023-08-03: "The acquisition of Sanghi has a 50 billion rupees ($605 million) enterprise value and will be fully funded through internal accruals."

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