Ambuja Cements Limited (ACL) has announced the successful acquisition of Sanghi Industries Limited (SIL), at an enterprise value of Rs 51.85 billion. This strategic acquisition enhances Ambuja Cement’s market presence, underscoring the Adani Group’s commitment to India’s housing and infrastructure development. With the acquisition funded entirely through internal accruals, ACL holds a controlling stake of 54.51 per cent in SIL.
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