Business Blog: Adani to buy cement firm Sanghi in first major deal post-Hindenburg

Tuesday, August 1, 2023

Adani to buy cement firm Sanghi in first major deal post-Hindenburg

Gautam Adani's Ambuja Cements is set to acquire a controlling stake in Sanghi Industries, enabling Adani's ports-to-power conglomerate to expand its cement operations across India. Ambuja may buy out Sanghi's owners, giving the deal an enterprise value of around $606m.

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