Adani-owned Ambuja Cements to merge with 2 units

Adani-owned Ambuja Cements to merge with two units
(Reuters) - India's Ambuja Cements will merge two of its recently purchased units into the company, it said on Tuesday, in a bid to streamline the structure of the Adani Group's cement businesses and simplify compliance requirements. Ambuja acquired Penna ...
Confident About Ambuja Cements’ Growth, Merger With Sanghi Industries And Penna Cement: Investec
Investec expressed confidence in Ambuja Cements’ management and its ability to meet growth and cost-saving targets.
Sanghi Industries merger: Prefer Ambuja Cements to ACC, 65% upside possible on Adani stock, says Investec
Factoring the growth pipeline, lease expires, promoter’s economic interest in Ambuja Cements, Investec said it prefers Ambuja Cements over ACC, another Adani group stock.
Ambuja Cements shares trade flat, Sanghi Industries stock tanks 11% following merger announcement
Ambuja Cements said it had completed the acquisition of Sanghi Industries Limited at an enterprise value of Rs 5,185 crore.
Ambuja Cements Has Massive 65% Upside, Merger 'Game-Changer For Sanghi And Penna', Says Investec
Investec maintains 'buy' on Ambuja Cements at a target of Rs 950 per share, an upside of 65% from the previous close.
Ambuja Cements to merge Sanghi Industries, Penna Cement with self
Adani Group-promoted Ambuja Cements on Tuesday announced an amalgamation of its two subsidiaries – Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL) – with itself. It said it has entered separate Schemes of Arrangement for the two subsidiaries.
Ambuja Cements announces share swap ratio for merger of Sanghi Industries with itself
As part of the latest deal, Ambuja Cements will issue 12 equity shares of the face value of Rs 2 each for every 100 shares of Sanghi Industries of face value of Rs 10 held by its shareholders. With this, the eligible shareholders of Sanghi will become the shareholders of Ambuja Cements.
Ambuja Cements Merges Sanghi & Penna Cement
Ambuja Cements will merge Sanghi Industries and Penna Cement Industries with itself, aiming to streamline operations and enhance shareholder value.
Sanghi Ind shares fall on merger swap ratio with Ambuja Cements
Merger of Sanghi Industries with Ambuja Cements offers Sanghi shareholders national brand, all-India reach, and Adani group benefits; Sanghi shares drop
Tycoon Adani to Merge Cement Units Sanghi, Penna With Ambuja
Adani Group will consolidate its cement operations by merging two units under Ambuja Cements Ltd. as billionaire Gautam Adani streamlines a business that is vital for India’s infrastructure push.
Gautam Adani's Ambuja makes power move with Sanghi, Penna merger
Under the proposed scheme with Sanghi Industries, shareholders will receive 12 Ambuja Cements shares for every 100 Sanghi shares held. Ambuja, already the promoter with a 58.08% stake in Sanghi, seeks to fully integrate the business to drive efficiency and growth.
Indian Billionaire Gautam Adani Acquires Cement Businesses To Expand
Ambuja Cements, the cement unit of the group controlled by Indian billionaire Gautam Adani, approved a merger with two ...
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Ambuja Cements announces amalgamation of its subsidiaries
Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, today announced separate Schemes ...
Investec Initiates ‘Buy’ Rating For Ambuja Cements With Target Price Of Rs 950
Global banking and wealth management group Investec on Wednesday initiated a 'BUY' rating for Ambuja Cements with a target ...