Ambuja Cements completes acquisition of Sanghi Industries at Rs 5,185 crore

Economy Business

Ambuja Cements on Tuesday said it has completed the acquisition of Sanghi Industries Limited (SIL), at an enterprise value of Rs 5,185 crore. This is higher than the earlier expected value of Rs 5,000 crore. As part of the deal's completion, Ambuja Cements also executed a trade (in on and off-market trade) to acquire 54.51 per cent of the voting share capital from the promoters of Sanghi Industries. The company said the acquisition of shares is fully funded through internal accruals.


     

     

     

 

     


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