Ambuja Cements Acquires Sanghi Industries For ₹5,000 Crore

Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the acquisition of Sanghi Industries Ltd (SIL). ACL will acquire 56.74% shares of SIL from its existing promoter group, Ravi Sanghi & family. Sanghi Industries Limited is the flagship company of The Ravi Sanghi Group dealing in the production and distribution of Cement under the Brand Name "Sanghi Cement". Sanghi Cement is produced at one of the world's largest single stream Cement plants located at Sanghipuram in the Abdasa Taluka of Kutch District of Gujarat State. This plant is fully automatic with state-of-the-art technology and has a capacity of 6.1 MTPA. The company produces superior quality 53 Grade OPC, PPC and PSC Cement and has revolutionized the way cement is produced and sold in India. 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 5,000 crore. ACL will acquire shares of SIL from the existing promoter group.