Adani Group Acquires Penna Cement At Enterprise Value Of Rs.10,422 Crore
13 Jun 2024
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 from its existing promoter...
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