◂ Announcements

Jul 2, 2024ACQUISITIONHyderabad, India

Adani Group acquires Penna Cement for Rs 10,422 crore

The Adani Group announced the acquisition of Hyderabad-based Penna Cement for an enterprise value of Rs 10,422 crore, adding 14 MTPA to its capacity.

Value

$1.25B (104.2B INR)

Status

Announced

Capacity

14 MTPA

Productscement

CompaniesAdani Group acquirer Penna Cement target

Sectors#Construction Materials

“Earlier this month, the group announced the acquisition of Hyderabad-based Penna Cement for an enterprise value of Rs 10,422 crore, adding 14 MTPA to its capacity.”easyrealtors.in

1 source
easyrealtors.inAmbuja Cements Adani Cementation Merger: Positive Strategic ImpactShaliniJul 2, 2024

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

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Adani Group acquires Penna Cement for Rs 10,422 crore · Endata