Sanghi Industries

Activity by year

2023202420252026

Acquisition

Dec 5, 2023ACQUISITIONIndia$623.0M
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%.
Ambuja Cements acquirer Sanghi Industries target #Construction Materials economictimes.indiatimes.com worldcement.com
Aug 3, 2023ACQUISITIONIndia$605.0M
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.
Ambuja Cements acquirer Adani Group investor Sanghi Industries target #Construction Materials news.bloomberglaw.com
Aug 1, 2023ACQUISITIONIndia$295.0M
Ambuja Cements to acquire majority stake in Sanghi Industries
Ambuja Cements, owned by Adani Group, reached a deal to acquire a majority stake in Sanghi Industries. The deal is expected to be announced on August 2, 2023.
Ambuja Cements acquirer Sanghi Industries target #Construction Materials reuters.com

Acquired by

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