# Ambuja Cements completes acquisition of Sanghi Industries

Ambuja Cements has completed the acquisition of Sanghi Industries at a revised offer price of Rs 121.90 per share, funded entirely through internal accruals, giving Ambuja a controlling stake of 54.51%.

- Type: Acquisition
- Announced: 2023-12-05
- Where: India
- Value: $623.0M (51.9B INR)
- Status: completed
- Capacity: 74.6 MTPA (million tonnes per annum) cement production capacity
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/adani-group-completes-acquisition-of-sanghi-industries-revises-offer-price-to-rs-121-90/share/articleshow/105752652.cms), 2023-12-05: "ACL successfully completes acquisition of Sanghi Industries, funded entirely through internal accruals."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ambuja-cements-completes-buyout-of-sanghi-industries/articleshow/105763982.cms), 2023-12-05: "Ambuja Cements has completed the acquisition of Sanghi Industries for an enterprise value of ₹5,185 crore"
- [worldcement.com](https://www.worldcement.com/indian-subcontinent/07122023/ambuja-cements-successfully-completes-acquisition-of-sanghi-industries/), 2023-12-07: "This strategic acquisition, valued at an Enterprise Value of Rs. 51.85 billion, enhances Ambuja Cement’s market presence underscoring Adani Group’s steadfast commitment to India’s housing and infrastructure development."

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