Adani Group-owned Ambuja Cements Ltd announced the acquisition of a 100 per cent stake in Penna Cement Industries (PCIL) for an enterprise value of Rs 10,400 crore for its 14mtpa of cement grinding capacity and 10.3mtpa of clinker capacity. The brokerage firm believe that this acquisition is done a cheap valuation and may make Ambuja …
Ambuja Cements share price jumped over 3% to a 52-week high in early trade on Friday after the Adani Group firm announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of ₹10,422 crore. Ambuja Cements shares rallied as much as 3.86% to a fresh high of ₹690.00 apiece on the BSE. …
With Adani Ports, billionaire Gautam Adani’s cash cow, leading the downside with 20% crash, shares of all 10 Adani Group companies on Tuesday fell as the counting of votes for the Lok Sabha elections showed that PM Modi may not win as many seats as expected in the exit polls. Shares of Ambuja Cements, Adani …