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Adani Group acquires Penna Cement at enterprise value of Rs. 10,422 crore – Next Generation

nextgenerationconstruction.in › 2024 › 06 › 14

Ambuja will acquire 100% shares of PCIL from its existing promoter group, Mr. P. Pratap Reddy and family. The acquisition will be fully funded through internal accruals. … “This landmark acquisition is a significant step forward in Ambuja Cements’ accelerating growth journey,” said Mr. Ajay Kapur, CEO & Whole Time Director of Ambuja Cements.