July 24, 2024

Adani Group acquires Penna Cement at enterprise value of Rs. 10,422 crore

Acquisition adds 14 MTPA capacity, total now 89 MTPA Ambuja Cements Limited, the cement and building material company of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100% shares of PCIL […]