Ambuja Cements to Acquire 56.74% Stake in Sanghi Industries for INR 5,000 Crore
Sanghi Industries Ltd (SIL), one of the leading cement manufacturers of Western India, today announced that it has signed a share purchase agreement with Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group, to sell 56.74% promoter shareholding for an enterprise value of Rs…