Ambuja Cements Acquires Penna Cement at Valuation of Rs 10,422 Crore; Details Here
The acquisition will improve Ambuja Cement’s share in the cement market pan-India by 2 per cent and 8 per cent in south India. Ambuja will acquire 100 per cent shares of Penna Cement Industries Ltd (PCIL) from its existing promoter group P Pratap Reddy and family Ambuja Cements, an Adani group firm, on Thursday announced … Read more
