Adani Group acquires Penna Cement at enterprise value of Rs. 10,422 crore
Ahmedabad, 13 June 2024: Ambuja Cement, the cement and building material company of Adani Cement and part 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 […]