Penna Cement

Activity by year

202420252026

Acquisition

Dec 17, 2024ACQUISITIONIndia$1.87B
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.
Ambuja Cements acquirer Adani Group partner Sanghi Industries target Penna Cement Industries target Penna Cement target #Construction Materials financialexpress.com fortuneindia.com reuters.com
Jul 2, 2024ACQUISITIONHyderabad, India$1.25B
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.
Adani Group acquirer Penna Cement target #Construction Materials easyrealtors.in

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Penna Cement: plants, expansions, contracts and acquisitions · Endata