# Ambuja Cements to merge Sanghi Industries and Penna Cement into itself

Adani Group-owned Ambuja Cements announced the merger of its subsidiaries Sanghi Industries and Penna Cement Industries via a scheme of arrangement, aiming to consolidate its cement business.

- Type: Acquisition
- Announced: 2024-12-17
- Where: India
- Value: $1.87B (156.1B INR)
- Status: announced
- Products: cement, clinker
- 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) (partner)
- [Sanghi Industries](https://endata.com/companies/71775.md) (target)
- [Penna Cement Industries](https://endata.com/companies/78012.md) (target)
- [Penna Cement](https://endata.com/companies/78396.md) (target)

## Sources

- [financialexpress.com](https://www.financialexpress.com/business/industry-adani-owned-ambuja-cements-announces-merger-of-sanghi-industries-penna-cement-with-itself-3693837/), 2024-12-17: "This merger aims to make our company more competitive and efficient, ultimately enhancing shareholder value."
- [fortuneindia.com](https://www.fortuneindia.com/enterprise/adani-group-announces-merger-of-sanghi-industries-penna-with-ambuja-cements/119592), 2024-12-17: "This merger will make the company more competitive and efficient, enhancing shareholder value."
- [reuters.com](https://www.reuters.com/markets/deals/adani-owned-ambuja-cements-merge-with-two-units-2024-12-17/), 2024-12-17: "Enhanced working capital management and internal funds will support the growth of our business operations."
- [newindianexpress.com](https://www.newindianexpress.com/business/2024/Dec/17/adani-merges-sanghi-industries-penna-cements-with-ambuja-cements-2), 2024-12-17: "Enhanced working capital management and internal funds will support the growth of our business operations."
- [constructionworld.in](https://www.constructionworld.in/cement-news/adani-group-approves-merger-of-sanghi-and-penna-with-ambuja-cements/66577/), 2024-12-18: "This merger will make our company more competitive, efficient, and capable of delivering greater shareholder value."

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