Ambuja Cement shares jump 4% on deal to acquire Penna Cement
Ambuja will acquire 100% stake in Penna Cement from its promoter group, Reddy and family, at an enterprise value of ₹10,422 crore.
penna cement
June 2024
Adani's Ambuja Cement acquires Penna Cement for ₹10,422 cr
PCIL brings to the table a substantial cement capacity of 14 MTPA, with 10 MTPA already operational, and the remaining 4 MTPA is under construction
